Omineca Mining and Metals (CVE:OMM) Stock Price Down 13% – Here’s Why

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

Omineca Mining and Metals Trading Down 13.0%

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 company’s 50-day moving average price is C$0.09 and its 200-day moving average price is C$0.07. The firm has a market capitalization of C$26.21 million, a PE ratio of -10.00 and a beta of -2.26.

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.