Omineca Mining and Metals (CVE:OMM) Trading 18.2% Higher – Should You Buy?

Omineca Mining and Metals Ltd. (CVE:OMM)’s stock price traded up 18.2% during mid-day trading on Tuesday . The company traded as high as C$0.13 and last traded at C$0.13. 764,451 shares changed hands during mid-day trading, an increase of 83% from the average session volume of 417,460 shares. The stock had previously closed at C$0.11.

Omineca Mining and Metals Stock Performance

The firm has a market capitalization of C$30.14 million, a P/E ratio of -11.50 and a beta of -2.16. The stock has a 50-day moving average of C$0.07 and a 200 day moving average of C$0.06. The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96.

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.