Omineca Mining and Metals (CVE:OMM) Trading Down 14.3% – Time to Sell?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) fell 14.3% during mid-day trading on Saturday . The company traded as low as C$0.06 and last traded at C$0.06. 352,500 shares traded hands during trading, an increase of 44% from the average session volume of 244,758 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Stock Performance

The company has a 50 day moving average of C$0.06 and a 200 day moving average of C$0.07. The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65. The firm has a market cap of C$10.80 million, a price-to-earnings ratio of -6.00 and a beta of 0.25.

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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