Omineca Mining and Metals (CVE:OMM) Sets New 1-Year High – Time to Buy?

Omineca Mining and Metals Ltd. (CVE:OMM)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.13 and last traded at C$0.12, with a volume of 979279 shares trading hands. The stock had previously closed at C$0.11.

Omineca Mining and Metals Stock Up 18.2%

The firm has a 50 day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.07. 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 stock has a market capitalization of C$34.07 million, a P/E ratio of -13.00 and a beta of -2.26.

About Omineca Mining and Metals

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.