Omineca Mining and Metals (CVE:OMM) Stock Price Down 18.8% – Should You Sell?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s share price dropped 18.8% on Monday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 105,003 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 236,411 shares. The stock had previously closed at C$0.08.

Omineca Mining and Metals Price Performance

The firm has a market cap of C$18.35 million, a P/E ratio of -7.00 and a beta of -2.33. The business’s fifty day simple moving average is C$0.06 and its 200-day simple moving average is C$0.06. The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65.

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. The company was incorporated in 2011 and is based in Saskatoon, Canada.

Further Reading

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