Omineca Mining and Metals (CVE:OMM) Shares Down 13% – Time to Sell?

Shares of Omineca Mining and Metals Ltd. (CVE:OMM) traded down 13% on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. 311,921 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 473,518 shares. The stock had previously closed at C$0.12.

Omineca Mining and Metals Stock Performance

The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96. The stock has a market cap of C$26.21 million, a price-to-earnings ratio of -10.00 and a beta of -2.26. The stock’s 50-day simple moving average is C$0.09 and its two-hundred day simple moving average is C$0.07.

About Omineca Mining and Metals

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. The company was incorporated in 2011 and is based in Saskatoon, Canada.