Omineca Mining and Metals (CVE:OMM) Stock Price Down 18.2% – Time to Sell?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s stock price traded down 18.2% on Friday . The stock traded as low as C$0.05 and last traded at C$0.05. 394,000 shares changed hands during trading, an increase of 64% from the average session volume of 240,966 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Stock Performance

The business has a 50-day moving average of C$0.05 and a 200-day moving average of C$0.05. The company has a market capitalization of C$8.10 million, a P/E ratio of -4.50 and a beta of 0.25. The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41.

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.

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