Omineca Mining and Metals (CVE:OMM) Shares Up 12.5% – Time to Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares were up 12.5% during mid-day trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 763,250 shares were traded during trading, an increase of 201% from the average daily volume of 253,455 shares. The stock had previously closed at C$0.04.

Omineca Mining and Metals Trading Up 12.5 %

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 stock’s fifty day moving average price is C$0.06 and its 200 day moving average price is 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

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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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