Omineca Mining and Metals (CVE:OMM) Shares Down 5% – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares were down 5% during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 315,451 shares changed hands during trading, a decline of 38% from the average daily volume of 508,553 shares. The stock had previously closed at C$0.10.

Omineca Mining and Metals Stock Performance

The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65. The firm has a 50-day moving average of C$0.08 and a 200 day moving average of C$0.06. The stock has a market capitalization of C$22.25 million, a P/E ratio of -8.50 and a beta of -2.16.

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

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