Omineca Mining and Metals (CVE:OMM) Stock Price Down 13% – Here’s What Happened

Shares of Omineca Mining and Metals Ltd. (CVE:OMM) traded down 13% during mid-day trading on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. 311,921 shares were traded during mid-day 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 Performance

The stock has a fifty day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.07. 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 stock has a market capitalization of C$23.59 million, a price-to-earnings ratio of -9.00 and a beta of -2.26.

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. The company was incorporated in 2011 and is based in Saskatoon, Canada.