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

Omineca Mining and Metals Ltd. (CVE:OMM)’s stock price was up 12.5% on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 958,130 shares traded hands during mid-day trading, an increase of 268% from the average daily volume of 260,267 shares. The stock had previously closed at C$0.04.

Omineca Mining and Metals Stock Performance

The firm has a 50 day moving average price of C$0.06 and a 200-day moving average price of C$0.06. 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 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

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.