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

by · The Markets Daily

Omineca Mining and Metals Ltd. (CVE:OMM – Get Free Report) rose 72.7% during trading on Friday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 2,844,418 shares were traded during mid-day trading, an increase of 1,150% from the average daily volume of 227,521 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Stock Performance

The company has a market capitalization of C$24.90 million, a PE ratio of -9.50 and a beta of -2.33. The stock’s fifty day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05. The company has a quick ratio of 0.41, a current ratio of 0.96 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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