Omineca Mining and Metals (CVE:OMM) Shares Down 18.2% – What’s Next?

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) fell 18.2% during trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.05. 1,012,300 shares were traded during trading, an increase of 275% from the average session volume of 269,833 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Stock Down 18.2 %

The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96. The firm’s 50 day moving average price is C$0.06 and its two-hundred day moving average price is C$0.06. The company has a market cap of C$8.10 million, a P/E ratio of -4.50 and a beta of 0.25.

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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