Omineca Mining and Metals (CVE:OMM) Trading Down 7.1% – Here’s What Happened

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price fell 7.1% during mid-day trading on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07. 17,968 shares changed hands during trading, a decline of 95% from the average session volume of 391,620 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Trading Down 7.1%

The stock has a market capitalization of C$17.02 million, a price-to-earnings ratio of -6.50 and a beta of -0.71. The company’s 50-day moving average is C$0.08 and its 200-day moving average 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.