Omineca Mining and Metals (CVE:OMM) Stock Price Down 9.1% – Should You Sell?

Omineca Mining and Metals Ltd. (CVE:OMM – Get Free Report)’s stock price dropped 9.1% on Friday. The stock traded as low as C$0.05 and last traded at C$0.05. 996,788 shares were traded during mid-day trading, an increase of 276% from the average session volume of 264,849 shares. The stock had previously closed at C$0.06.

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 company has a 50-day moving average price of C$0.06 and a 200-day moving average price of C$0.06. The firm has a market capitalization of C$13.39 million, a price-to-earnings ratio of -5.50 and a beta of -1.15.

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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