Omineca Mining and Metals (CVE:OMM) Shares Down 14.3% – Should You Sell?

Omineca Mining and Metals Ltd. (CVE:OMM)’s stock price dropped 14.3% during trading on Friday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 352,500 shares changed hands during mid-day trading, an increase of 44% from the average daily volume of 244,758 shares. The stock had previously closed at C$0.07.

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 firm’s 50-day moving average price is C$0.06 and its two-hundred day moving average price is C$0.07. The stock has a market cap of C$10.80 million, a PE ratio of -6.00 and a beta of 0.25.

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.