Omineca Mining and Metals (CVE:OMM) Shares Down 15.4% – Time to Sell?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) was down 15.4% during trading on Saturday . The company traded as low as C$0.05 and last traded at C$0.06. Approximately 1,143,437 shares traded hands during mid-day trading, an increase of 162% from the average daily volume of 436,820 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Trading Down 15.4 %

The company has a market cap of C$9.90 million, a PE ratio of -5.50 and a beta of 0.25. The company’s 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.07. The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41.

About Omineca Mining and Metals

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Omineca Mining and Metals Ltd., a junior resource company, explores for and develops mineral resources in Canada. Its flagship project is the Wingdam gold project covering an area of 50,000 hectares located in the prolific Barkerville gold camp in central British Columbia. The company holds interest in the Fraser Canyon project and Mouse Mountain Project located in British Columbia.

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