Omineca Mining and Metals (CVE:OMM) Trading 18.2% Higher – Here’s What Happened

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price was up 18.2% during mid-day trading on Tuesday . The company traded as high as C$0.13 and last traded at C$0.13. Approximately 764,451 shares were traded during mid-day trading, an increase of 83% from the average daily volume of 417,460 shares. The stock had previously closed at C$0.11.

Omineca Mining and Metals Trading Up 4.5%

The company’s 50-day moving average is C$0.07 and its 200-day moving average is C$0.06. 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 firm has a market cap of C$30.14 million, a price-to-earnings ratio of -11.50 and a beta of -2.16.

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