Omineca Mining and Metals (CVE:OMM) Trading 25% Higher – Should You Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) was up 25% during trading on Monday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 222,363 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 229,293 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Price Performance

The stock has a market capitalization of C$12.61 million, a price-to-earnings ratio of -7.00 and a beta of 0.25. The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65. The company’s 50 day moving average is C$0.06 and its 200 day moving average is C$0.07.

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.

Further Reading

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