Omineca Mining and Metals (CVE:OMM) Shares Down 18.8% – Time to Sell?

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) traded down 18.8% during mid-day trading on Monday . The company traded as low as C$0.07 and last traded at C$0.07. 105,003 shares changed hands during trading, a decline of 56% from the average session volume of 236,411 shares. The stock had previously closed at C$0.08.

Omineca Mining and Metals Stock Performance

The stock has a 50 day moving average of C$0.06 and a two-hundred day moving average of C$0.06. The stock has a market capitalization of C$18.35 million, a PE ratio of -7.00 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.

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. The company was incorporated in 2011 and is based in Saskatoon, Canada.

Further Reading

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