Omineca Mining and Metals (CVE:OMM) Trading 25% Higher – Should You Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) traded up 25% during trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.10. 1,156,599 shares traded hands during mid-day trading, an increase of 279% from the average session volume of 305,389 shares. The stock had previously closed at C$0.08.

Omineca Mining and Metals Stock Performance

The stock’s fifty day simple moving average is C$0.07 and its 200-day simple moving average is C$0.06. 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 market capitalization of C$24.90 million, a PE ratio of -9.50 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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