Omineca Mining and Metals (CVE:OMM) Reaches New 1-Year Low – Time to Sell?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.05, with a volume of 315000 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Price Performance

The stock has a fifty day moving average of C$0.05 and a 200 day moving average of C$0.06. The stock has a market cap of C$8.10 million, a price-to-earnings ratio of -4.50 and a beta of 0.25. The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41.

About Omineca Mining and Metals

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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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