Omineca Mining and Metals (CVE:OMM) Shares Down 13% – Should You Sell?

Omineca Mining and Metals Ltd. (CVE:OMM) fell 13% during trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. 311,921 shares traded hands 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 has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96. The company has a market capitalization of C$26.21 million, a PE ratio of -10.00 and a beta of -2.26. The company has a 50 day simple moving average of C$0.09 and a 200 day simple moving average of C$0.07.

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.