Omineca Mining and Metals (CVE:OMM) Shares Down 17.6% – Should You Sell?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) dropped 17.6% during mid-day trading on Friday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 137,017 shares were traded during trading, a decline of 9% from the average daily volume of 149,839 shares. The stock had previously closed at C$0.09.

Omineca Mining and Metals Trading Down 17.6 %

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 has a market capitalization of C$12.61 million, a P/E ratio of -7.00 and a beta of 0.25. The firm’s 50-day moving average price is C$0.06 and its 200 day moving average price is C$0.07.

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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