Omineca Mining and Metals (CVE:OMM) Trading Down 18.2% – Here’s What Happened

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) fell 18.2% during trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. 394,000 shares changed hands during mid-day 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 Price 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’s fifty day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05. The stock has a market cap of C$8.10 million, a price-to-earnings ratio of -4.50 and a beta of 0.25.

Omineca Mining and Metals Company Profile

(Get Free Report)

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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