Omineca Mining and Metals (CVE:OMM) Shares Up 72.7% – Should You Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares were up 72.7% during trading on Friday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 2,844,418 shares traded hands during trading, an increase of 1,150% from the average daily volume of 227,521 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Trading Up 72.7%

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 business’s fifty day moving average is C$0.05 and its two-hundred day moving average is C$0.05. The firm has a market cap of C$24.90 million, a price-to-earnings ratio of -9.50 and a beta of -2.33.

Omineca Mining and Metals Company Profile

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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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