Omineca Mining and Metals (CVE:OMM) Stock Price Down 18.2% – Time to Sell?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s share price fell 18.2% during trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.05. 1,012,300 shares changed hands during mid-day trading, an increase of 275% from the average session volume of 269,833 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Stock Performance

The firm has a market cap of C$7.20 million, a PE ratio of -4.00 and a beta of 0.25. The business has a 50 day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06. 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

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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.

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