Omineca Mining and Metals (CVE:OMM) Stock Price Up 72.7% – Still a Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares traded up 72.7% on Saturday . The stock traded as high as C$0.10 and last traded at C$0.10. 2,844,418 shares traded hands during trading, an increase of 1,150% from the average session volume of 227,521 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Price Performance

The stock has a market cap of C$24.90 million, a PE ratio of -9.50 and a beta of -2.33. The business’s 50-day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05. The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65.

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.

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