Omineca Mining and Metals (CVE:OMM) Trading 12.5% Higher – Still a Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) was up 12.5% on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 958,130 shares were traded during mid-day trading, an increase of 268% from the average daily volume of 260,267 shares. The stock had previously closed at C$0.04.

Omineca Mining and Metals Stock Performance

The business 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 capitalization of C$8.10 million, a P/E ratio of -4.50 and a beta of 0.25. 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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