Omineca Mining and Metals (CVE:OMM) Stock Price Down 13% – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares were down 13% on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 282,421 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 472,624 shares. The stock had previously closed at C$0.12.

Omineca Mining and Metals Stock Performance

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

About Omineca Mining and Metals

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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.

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