Omineca Mining and Metals (CVE:OMM) Stock Price Down 15.4% – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMM)’s stock price dropped 15.4% during trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.06. Approximately 1,143,437 shares traded hands during 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 Price Performance

The firm has a market capitalization of C$9.90 million, a price-to-earnings ratio of -5.50 and a beta of 0.25. The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65. The business has a 50-day moving average price of C$0.06 and a two-hundred day moving average price of C$0.07.

Omineca Mining and Metals Company Profile

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.