Omineca Mining and Metals (CVE:OMM) Shares Down 14.3% – What’s Next?

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price fell 14.3% during trading on Friday . The stock traded as low as C$0.06 and last traded at C$0.06. 352,500 shares traded hands during trading, an increase of 54% from the average session volume of 228,758 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Stock Down 14.3 %

The company has a market cap of C$10.80 million, a P/E ratio of -6.00 and a beta of 0.25. The stock has a 50-day moving average of C$0.06 and a two-hundred day moving average of 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.

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.