Omineca Mining and Metals (CVE:OMM) Trading Up 72.7% – Here’s Why

by · The Markets Daily

Omineca Mining and Metals Ltd. (CVE:OMM – Get Free Report) shares rose 72.7% during trading on Saturday . The stock 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 Price Performance

The stock has a market cap of C$24.90 million, a price-to-earnings ratio of -9.50 and a beta of -2.33. The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41. The stock’s 50 day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05.

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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