Omineca Mining and Metals (CVE:OMM) Trading Down 13% – Should You Sell?

Omineca Mining and Metals Ltd. (CVE:OMM) dropped 13% on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 311,921 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 473,518 shares. The stock had previously closed at C$0.12.

Omineca Mining and Metals Trading Down 13.0%

The stock has a market cap of C$26.21 million, a price-to-earnings ratio of -10.00 and a beta of -2.26. 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 has a 50-day moving average of C$0.09 and a 200-day moving average of C$0.07.

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.