Omineca Mining and Metals (CVE:OMM) Trading Down 10% – Here’s What Happened

Shares of Omineca Mining and Metals Ltd. (CVE:OMM) fell 10% during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. 964,377 shares changed hands during mid-day trading, an increase of 98% from the average session volume of 487,337 shares. The stock had previously closed at C$0.10.

Omineca Mining and Metals Stock Performance

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 firm’s 50-day moving average price is C$0.09 and its two-hundred day moving average price is C$0.07. The firm has a market capitalization of C$23.59 million, a price-to-earnings ratio of -9.00 and a beta of -2.26.

About Omineca Mining and Metals

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.