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

by · The Cerbat Gem

Omineca Mining and Metals Ltd. (CVE:OMM – Get Free Report)’s share price traded 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 were traded 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 Stock Performance

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 capitalization of C$24.90 million, a PE ratio of -9.50 and a beta of -2.33. The firm’s 50 day moving average price is C$0.05 and its 200-day moving average price is C$0.05.

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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