Omineca Mining and Metals (CVE:OMM) Shares Up 50% – Time to Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s share price shot up 50% during trading on Saturday . The stock traded as high as C$0.08 and last traded at C$0.08. 1,211,166 shares traded hands during trading, an increase of 726% from the average session volume of 146,563 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Price Performance

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

About Omineca Mining and Metals

(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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