Omineca Mining and Metals (CVE:OMM) Trading Down 11.1% – Time to Sell?

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) fell 11.1% during mid-day trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 886,894 shares changed hands during trading, an increase of 237% from the average session volume of 262,839 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Price Performance

The stock has a market capitalization of C$8.10 million, a P/E ratio of -4.50 and a beta of 0.25. The firm has a 50 day moving average of C$0.06 and a 200-day moving average of C$0.06. The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41.

Omineca Mining and Metals Company Profile

(Get Free Report)

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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