Omineca Mining and Metals (CVE:OMM) Trading Up 12.5% – Time to Buy?

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) were up 12.5% during mid-day trading on Wednesday . The company traded as high as C$0.10 and last traded at C$0.09. Approximately 792,599 shares were traded during mid-day trading, an increase of 193% from the average daily volume of 270,945 shares. The stock had previously closed at C$0.08.

Omineca Mining and Metals Price Performance

The firm has a 50-day moving average price of C$0.07 and a 200-day moving average price of C$0.06. The stock has a market cap of C$24.90 million, a P/E ratio of -9.50 and a beta of -2.16. The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96.

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

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