Omineca Mining and Metals (CVE:OMM) Shares Down 15.4% – Time to Sell?

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price fell 15.4% during trading on Saturday . The company traded as low as C$0.05 and last traded at C$0.06. 1,143,437 shares traded hands during mid-day trading, an increase of 162% from the average session volume of 436,820 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Stock Down 15.4 %

The stock has a market cap of C$9.90 million, a P/E ratio of -5.50 and a beta of 0.25. The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65. The company has a 50-day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.07.

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.