Omineca Mining and Metals (CVE:OMM) Shares Down 18.2% – Time to Sell?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s share price was down 18.2% on Thursday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 394,000 shares changed hands during trading, an increase of 64% from the average daily volume of 240,966 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Stock Performance

The firm has a market capitalization of C$8.10 million, a price-to-earnings ratio of -4.50 and a beta of 0.25. The firm has a 50 day moving average price of C$0.05 and a 200-day moving average price of C$0.05. The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41.

Omineca Mining and Metals Company Profile

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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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