Omineca Mining and Metals (CVE:OMM) Shares Up 50% – Still a Buy?

Omineca Mining and Metals Ltd. (CVE:OMM)’s stock price shot up 50% during mid-day trading on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. 1,211,166 shares changed hands during mid-day trading, an increase of 726% from the average session volume of 146,563 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Stock Performance

The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41. The stock has a 50-day moving average price of C$0.06 and a 200-day moving average price of C$0.07. The company has a market capitalization of C$13.51 million, a price-to-earnings ratio of -7.50 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.