Omineca Mining and Metals (CVE:OMM) Stock Price Down 17.6% – Should You Sell?

Omineca Mining and Metals Ltd. (CVE:OMM) shares dropped 17.6% during trading on Thursday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 136,517 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 149,839 shares. The stock had previously closed at C$0.09.

Omineca Mining and Metals Stock Performance

The firm has a fifty day moving average of C$0.06 and a 200 day moving average 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 stock 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

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.