Omineca Mining and Metals (CVE:OMM) Stock Price Down 17.6% – Here’s Why

Shares of Omineca Mining and Metals Ltd. (CVE:OMM) were down 17.6% during mid-day trading on Thursday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 137,017 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 149,839 shares. The stock had previously closed at C$0.09.

Omineca Mining and Metals Trading Down 17.6 %

The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96. The business has a fifty day simple moving average of C$0.06 and a 200 day simple moving average of C$0.07. The stock has a market cap of C$12.61 million, a price-to-earnings ratio of -7.00 and a beta of 0.25.

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.