Omineca Mining and Metals (CVE:OMM) Trading Down 13% – What’s Next?

Omineca Mining and Metals Ltd. (CVE:OMM) was down 13% during mid-day trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 311,921 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 473,518 shares. The stock had previously closed at C$0.12.

Omineca Mining and Metals Price Performance

The stock has a market cap of C$26.21 million, a P/E ratio of -10.00 and a beta of -2.26. The company’s 50 day moving average price is C$0.09 and its 200-day moving average price is C$0.07. The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65.

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.