Omineca Mining and Metals (CVE:OMM) Trading 6.3% Higher – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMM)’s stock price traded up 6.3% during trading on Wednesday . The stock traded as high as C$0.09 and last traded at C$0.09. 528,490 shares were traded during trading, an increase of 149% from the average session volume of 212,155 shares. The stock had previously closed at C$0.08.

Omineca Mining and Metals Trading Up 5.0%

The stock’s fifty day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.06. The firm has a market cap of C$27.52 million, a PE ratio of -10.50 and a beta of -2.16. The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65.

Omineca Mining and Metals Company Profile

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.