Omineca Mining and Metals (CVE:OMM) Shares Down 15.4% – What’s Next?

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price dropped 15.4% during trading on Friday . The stock traded as low as C$0.05 and last traded at C$0.06. Approximately 1,193,437 shares changed hands during mid-day trading, an increase of 169% from the average daily volume of 443,963 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Stock Down 15.4 %

The company has a market cap of C$9.90 million, a price-to-earnings ratio of -5.50 and a beta of 0.25. The firm has a 50-day moving average price of C$0.06 and a 200 day moving average price of 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.

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.