Omineca Mining and Metals (CVE:OMM) Trading Down 13% – What’s Next?

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) traded down 13% on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. 311,921 shares traded hands during trading, a decline of 34% from the average session volume of 473,518 shares. The stock had previously closed at C$0.12.

Omineca Mining and Metals Stock Down 13.0%

The stock’s fifty day moving average price is C$0.09 and its 200-day moving average price is C$0.07. 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$26.21 million, a price-to-earnings ratio of -10.00 and a beta of -2.26.

About Omineca Mining and Metals

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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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