Omineca Mining and Metals (CVE:OMM) Trading Up 50% – Should You Buy?

Omineca Mining and Metals Ltd. (CVE:OMM) shares rose 50% on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 1,211,166 shares traded hands during trading, an increase of 726% from the average daily volume of 146,563 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Trading Up 50.0 %

The company has a fifty day moving average price of C$0.06 and a 200-day moving average price of C$0.07. The firm has a market capitalization of C$13.51 million, a price-to-earnings ratio of -7.50 and a beta of 0.25. The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65.

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.