Omineca Mining and Metals (CVE:OMM) Shares Down 10% – Here’s What Happened

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) were down 10% during trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 104,000 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 139,791 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Price Performance

The firm has a market capitalization of C$8.10 million, a PE ratio of -4.50 and a beta of 0.25. The stock’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 quick ratio of 0.41 and a current ratio of 0.96.

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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