Omineca Mining and Metals (CVE:OMM) Trading Down 15.4% – Here’s What Happened

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

Omineca Mining and Metals Stock Performance

The company has a market capitalization of C$9.90 million, a P/E ratio of -5.50 and a beta of 0.25. The stock has a fifty day simple moving average of C$0.06 and a 200-day simple moving average of 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.