Omineca Mining and Metals (CVE:OMM) Trading 72.7% Higher – Time to Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s stock price was up 72.7% during trading on Saturday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 2,844,418 shares were traded during trading, an increase of 1,150% from the average daily volume of 227,521 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Price Performance

The business’s 50 day moving average price is C$0.05 and its 200-day moving average price is C$0.05. The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65. The company has a market cap of C$24.90 million, a PE ratio of -9.50 and a beta of -2.33.

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.

Further Reading

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