Omineca Mining and Metals (CVE:OMM) Trading Up 10.5% – Should You Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) rose 10.5% during mid-day trading on Thursday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 149,016 shares changed hands during trading, a decline of 69% from the average daily volume of 475,964 shares. The stock had previously closed at C$0.10.

Omineca Mining and Metals Stock Up 10.0%

The stock 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 firm has a market cap of C$28.83 million, a PE ratio of -11.00 and a beta of -2.26.

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.

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