Omineca Mining and Metals (CVE:OMM) Shares Down 15% – Time to Sell?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) traded down 15% during trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. 534,651 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 520,169 shares. The stock had previously closed at C$0.10.

Omineca Mining and Metals Trading Down 15.0%

The company has a market cap of C$22.25 million, a PE ratio of -8.50 and a beta of -2.16. The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65. The business has a 50 day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.06.

Omineca Mining and Metals Company Profile

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

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