Omineca Mining and Metals (CVE:OMM) Trading Up 50% – Time to Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s share price was up 50% on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 1,211,166 shares traded hands during mid-day trading, an increase of 726% from the average daily volume of 146,563 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Price Performance

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 business’s fifty day moving average price is C$0.06 and its 200-day moving average price is C$0.07. The stock has a market capitalization of C$13.51 million, a price-to-earnings ratio of -7.50 and a beta of 0.25.

Omineca Mining and Metals Company Profile

(Get Free Report)

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.

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