Omineca Mining and Metals (CVE:OMM) Shares Up 50% – Here’s What Happened

Omineca Mining and Metals Ltd. (CVE:OMM) shot up 50% during mid-day trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. 1,211,166 shares were traded during trading, an increase of 726% from the average session volume of 146,563 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Stock Up 50.0 %

The firm has a market cap of C$13.51 million, a P/E ratio of -7.50 and a beta of 0.25. The firm’s fifty day moving average is C$0.06 and its 200 day moving average is C$0.07. The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96.

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.