Omineca Mining and Metals (CVE:OMM) Stock Price Up 18.2% – Still a Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s stock price was up 18.2% on Friday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 735,718 shares traded hands during mid-day trading, an increase of 241% from the average daily volume of 215,838 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 current ratio of 0.96 and a quick ratio of 0.41. The company has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.05. The firm has a market cap of C$19.66 million, a PE ratio of -7.50 and a beta of -2.33.

About Omineca Mining and Metals

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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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