Omineca Mining and Metals (CVE:OMM) Trading Up 6.3% – Still a Buy?

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price was up 6.3% during trading on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. Approximately 528,490 shares traded hands during mid-day trading, an increase of 149% from the average daily volume of 212,155 shares. The stock had previously closed at C$0.08.

Omineca Mining and Metals Stock Performance

The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65. The firm’s fifty day moving average price is C$0.07 and its two-hundred day moving average price is C$0.06. The stock has a market capitalization of C$26.21 million, a PE ratio of -10.00 and a beta of -2.16.

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.