Omineca Mining and Metals (CVE:OMM) Stock Price Down 10% – Should You Sell?

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) fell 10% on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. 588,500 shares changed hands during trading, an increase of 355% from the average session volume of 129,390 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Stock Down 10.0 %

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 firm has a 50 day moving average of C$0.06 and a two-hundred day moving average of C$0.07. The firm has a market capitalization of C$8.10 million, a price-to-earnings ratio of -5.00 and a beta of 0.25.

Omineca Mining and Metals Company Profile

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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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