Omineca Mining and Metals (CVE:OMM) Trading 50% Higher – Here’s What Happened

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s stock price rose 50% during mid-day trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 1,211,166 shares changed hands during 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 Stock Performance

The stock has a market cap of C$13.51 million, a PE ratio of -7.50 and a beta of 0.25. The firm’s 50-day moving average is C$0.06 and its 200 day moving average is C$0.07. The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96.

About Omineca Mining and Metals

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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.

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