Omineca Mining and Metals (CVE:OMM) Trading Up 40% – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares traded up 40% during mid-day trading on Friday . The company traded as high as C$0.07 and last traded at C$0.07. 1,107,500 shares traded hands during mid-day trading, an increase of 658% from the average session volume of 146,125 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Stock Performance

The stock has a fifty day moving average price of C$0.06 and a 200-day moving average price of C$0.07. 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 has a market capitalization of C$12.61 million, a price-to-earnings ratio of -7.00 and a beta of 0.25.

Omineca Mining and Metals Company Profile

(Get Free Report)

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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