Omineca Mining and Metals (CVE:OMM) Shares Down 14.3% – What’s Next?

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

Omineca Mining and Metals Stock Down 14.3 %

The stock has a 50-day moving average price of C$0.06 and a 200-day moving average price of C$0.07. The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41. The company has a market capitalization of C$10.80 million, a P/E ratio of -6.00 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.