Omineca Mining and Metals (CVE:OMM) Shares Down 15% – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s stock price traded down 15% during mid-day trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. 534,651 shares changed hands during trading, an increase of 3% from the average session volume of 520,169 shares. The stock had previously closed at C$0.10.

Omineca Mining and Metals Trading Down 15.0%

The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65. The firm has a market cap of C$22.25 million, a price-to-earnings ratio of -8.50 and a beta of -2.16. The company has a 50-day moving average price of C$0.08 and a 200 day moving average price of C$0.06.

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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