Omineca Mining and Metals (CVE:OMM) Stock Price Down 15% – Here’s What Happened

Omineca Mining and Metals Ltd. (CVE:OMM) dropped 15% on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 534,651 shares changed hands during trading, an increase of 3% from the average daily volume of 520,169 shares. The stock had previously closed at C$0.10.

Omineca Mining and Metals Price Performance

The company has a market cap of C$22.25 million, a PE ratio of -8.50 and a beta of -2.16. The stock has a fifty day moving average price of C$0.08 and a 200-day moving average price of C$0.06. 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

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.