Omineca Mining and Metals (CVE:OMM) Hits New 12-Month Low – Should You Sell?

Shares of Omineca Mining and Metals Ltd. (CVE:OMM – Get Free Report) hit a new 52-week low on Monday. The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 22,000 shares traded. The stock had previously closed at C$0.04.

Omineca Mining and Metals Stock Performance

The firm has a market capitalization of C$12.05 million, a price-to-earnings ratio of -5.50 and a beta of -1.35. The business’s 50-day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.07. The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65.

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. The company was incorporated in 2011 and is based in Saskatoon, Canada.

Further Reading

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