Omineca Mining and Metals (CVE:OMM) Stock Price Down 15.8% – Should You Sell?

Shares of Omineca Mining and Metals Ltd. (CVE:OMM) traded down 15.8% during mid-day trading on Tuesday . The company traded as low as C$0.08 and last traded at C$0.08. 112,526 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 477,757 shares. The stock had previously closed at C$0.10.

Omineca Mining and Metals Price Performance

The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65. The business’s fifty day moving average price is C$0.10 and its 200 day moving average price is C$0.07. The company has a market capitalization of C$19.66 million, a P/E ratio of -7.50 and a beta of -1.62.

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.