Omineca Mining and Metals (CVE:OMM) Shares Up 72.7% – Should You Buy?

by · The Cerbat Gem

Omineca Mining and Metals Ltd. (CVE:OMM – Get Free Report)’s share price shot up 72.7% on Saturday . The company traded as high as C$0.10 and last traded at C$0.10. 2,844,418 shares traded hands during mid-day trading, an increase of 1,150% from the average session volume of 227,521 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Trading Up 72.7%

The company has a market cap of C$24.90 million, a P/E ratio of -9.50 and a beta of -2.33. 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 business has a fifty day moving average price of C$0.05 and a 200-day moving average price of C$0.05.

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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