Omineca Mining and Metals (CVE:OMM) Stock Price Up 25% – Here’s Why

Shares of Omineca Mining and Metals Ltd. (CVE:OMM) rose 25% during trading on Monday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 226,363 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 238,627 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Price Performance

The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65. The company’s fifty day simple moving average is C$0.06 and its 200-day simple moving average is C$0.07. The stock has a market cap of C$12.61 million, a P/E ratio of -7.00 and a beta of 0.25.

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.