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

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s share price dropped 17.6% on Friday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 137,017 shares were traded 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 Price Performance

The company’s 50-day moving average is C$0.06 and its 200-day moving average is C$0.07. The firm has a market cap of C$12.61 million, a price-to-earnings ratio of -7.00 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

(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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