Omineca Mining and Metals (CVE:OMM) Trading Down 15% – Time to Sell?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) dropped 15% on Wednesday . The company 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 Stock Performance

The stock has a 50-day simple moving average of C$0.08 and a 200-day simple moving average of C$0.06. The company has a market capitalization of C$22.25 million, a price-to-earnings ratio of -8.50 and a beta of -2.16. The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65.

Omineca Mining and Metals Company Profile

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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.

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