Omineca Mining and Metals (CVE:OMM) Stock Price Down 13% – What’s Next?

Omineca Mining and Metals Ltd. (CVE:OMM)’s stock price was down 13% on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 311,921 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 473,518 shares. The stock had previously closed at C$0.12.

Omineca Mining and Metals Stock Down 13.0%

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 company has a market capitalization of C$26.21 million, a price-to-earnings ratio of -10.00 and a beta of -2.26. The business’s 50-day moving average is C$0.09 and its 200-day moving average is C$0.07.

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.