Omineca Mining and Metals (CVE:OMM) Sets New 12-Month Low – Should You Sell?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.05, with a volume of 448250 shares trading hands. The stock had previously closed at C$0.05.

Omineca Mining and Metals Stock Performance

The stock has a market cap of C$8.10 million, a P/E ratio of -4.50 and a beta of 0.25. The firm’s 50-day moving average is C$0.06 and its two-hundred day moving average is C$0.06. The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65.

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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