Omineca Mining and Metals (CVE:OMM) Shares Down 22.2%

Shares of Omineca Mining and Metals Ltd. (CVE:OMM) dropped 22.2% on Friday . The stock traded as low as C$0.10 and last traded at C$0.11. Approximately 336,808 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 189,061 shares. The stock had previously closed at C$0.14.

Omineca Mining and Metals Stock Down 22.2 %

The firm’s 50 day moving average is C$0.09 and its two-hundred day moving average is C$0.07. The stock has a market cap of C$18.69 million, a price-to-earnings ratio of -5.25 and a beta of 0.39. The company has a current ratio of 3.91, a quick ratio of 0.41 and a debt-to-equity ratio of 145.70.

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.