Omineca Mining and Metals (CVE:OMM) Shares Down 13% – What’s Next?

Omineca Mining and Metals Ltd. (CVE:OMM) dropped 13% during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 311,921 shares traded hands during 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 Price Performance

The company’s 50-day moving average price is C$0.09 and its 200-day moving average price is C$0.07. The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41. The company has a market cap of C$26.21 million, a P/E 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.