Omineca Mining and Metals (CVE:OMM) Stock Price Down 17.6% – Time to Sell?

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price dropped 17.6% during mid-day trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 137,017 shares changed hands during trading, a decline of 9% from the average daily volume of 149,839 shares. The stock had previously closed at C$0.09.

Omineca Mining and Metals Trading Down 17.6 %

The stock’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is C$0.07. 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 firm has a market cap of C$12.61 million, a PE ratio of -7.00 and a beta of 0.25.

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.