Omineca Mining and Metals (CVE:OMM) Stock Price Down 15% – Should You Sell?

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

Omineca Mining and Metals Trading Up 5.9%

The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96. The stock has a market capitalization of C$23.56 million, a P/E ratio of -9.00 and a beta of -2.16. The stock has a 50-day moving average price of C$0.08 and a two-hundred day moving average price of C$0.06.

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.