Omineca Mining and Metals (CVE:OMM) Shares Down 18.2% – Should You Sell?

Omineca Mining and Metals Ltd. (CVE:OMM) was down 18.2% during trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.05. Approximately 1,012,300 shares were traded during trading, an increase of 275% from the average daily volume of 269,833 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Price Performance

The company has a market cap of C$8.10 million, a PE ratio of -4.50 and a beta of 0.25. 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’s 50-day moving average is C$0.06 and its 200 day moving average is C$0.06.

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.