Omineca Mining and Metals (CVE:OMM) Shares Down 13.3% – Here’s What Happened

Shares of Omineca Mining and Metals Ltd. (CVE:OMM) were down 13.3% on Friday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 213,500 shares changed hands during trading, a decline of 50% from the average daily volume of 426,276 shares. The stock had previously closed at C$0.08.

Omineca Mining and Metals Trading Down 6.7%

The company has a market cap of C$18.35 million, a price-to-earnings ratio of -7.00 and a beta of -1.62. The business has a fifty day simple moving average of C$0.09 and a 200 day simple moving average of 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.

Omineca Mining and Metals Company Profile

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.