Omineca Mining and Metals (CVE:OMM) Shares Down 15.4% – What’s Next?

Shares of Omineca Mining and Metals Ltd. (CVE:OMM) traded down 15.4% on Saturday . The company traded as low as C$0.05 and last traded at C$0.06. 1,143,437 shares changed hands during mid-day trading, an increase of 162% from the average session volume of 436,820 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Price Performance

The business has a fifty day simple moving average of C$0.06 and a 200-day simple moving average of C$0.07. The stock has a market capitalization of C$9.90 million, a P/E ratio of -5.50 and a beta of 0.25. The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96.

About Omineca Mining and Metals

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.