Omineca Mining and Metals (CVE:OMM) Trading Up 30% – Here’s What Happened

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares shot up 30% during trading on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07. 1,124,536 shares traded hands during mid-day trading, an increase of 277% from the average daily volume of 298,393 shares. The stock had previously closed at C$0.05.

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 business has a 50 day moving average price of C$0.06 and a two-hundred day moving average price of C$0.07. The company has a market cap of C$16.06 million, a P/E ratio of -6.00 and a beta of -0.88.

Omineca Mining and Metals Company Profile

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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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