Omineca Mining and Metals (CVE:OMM) Shares Down 18.2% – Here’s What Happened

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s stock price dropped 18.2% during mid-day trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.05. Approximately 1,012,300 shares traded hands during mid-day trading, an increase of 275% from the average daily volume of 269,833 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Stock Performance

The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65. The firm has a 50 day moving average of C$0.06 and a 200-day moving average of C$0.06. The company has a market cap of C$7.20 million, a P/E ratio of -4.00 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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