Omineca Mining and Metals (CVE:OMM) Trading 50% Higher – Time to Buy?

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

Omineca Mining and Metals Stock Performance

The company’s 50 day moving average price is C$0.06 and its 200-day moving average price is C$0.07. The stock has a market cap of C$13.51 million, a P/E ratio of -7.50 and a beta of 0.25. The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96.

Omineca Mining and Metals Company Profile

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.