Omineca Mining and Metals (CVE:OMM) Trading Down 13% – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares traded down 13% during mid-day trading on Wednesday . 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 Trading Down 13.0%

The company’s 50 day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.07. The company has a market cap of C$26.21 million, a PE ratio of -10.00 and a beta of -2.26. The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41.

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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