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

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price fell 13% on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. 311,921 shares were traded during trading, a decline of 34% from the average session volume of 473,518 shares. The stock had previously closed at C$0.12.

Omineca Mining and Metals Price Performance

The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41. 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 simple moving average is C$0.09 and its 200 day simple moving average is C$0.07.

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.