Omineca Mining and Metals (CVE:OMM) Trading Up 40% – Time to Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares were up 40% during mid-day trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 1,107,500 shares were traded during trading, an increase of 658% from the average daily volume of 146,125 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Trading Up 50.0 %

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 company’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.07. The firm has a market cap of C$13.51 million, a price-to-earnings ratio of -7.50 and a beta of 0.25.

Omineca Mining and Metals Company Profile

(Get Free Report)

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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