Omineca Mining and Metals (CVE:OMM) Sets New 52-Week High – Should You Buy?

Omineca Mining and Metals Ltd. (CVE:OMM)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$0.13 and last traded at C$0.12, with a volume of 979279 shares traded. The stock had previously closed at C$0.11.

Omineca Mining and Metals Stock Performance

The firm’s 50 day simple moving average is C$0.09 and its 200 day simple moving average is C$0.07. The firm has a market capitalization of C$31.45 million, a price-to-earnings ratio of -12.00 and a beta of -2.26. The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96.

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.