Opawica Explorations (CVE:OPW) Shares Up 5.9% – Here’s Why

Opawica Explorations Inc. (CVE:OPW) was up 5.9% during mid-day trading on Friday . The stock traded as high as C$0.18 and last traded at C$0.18. Approximately 89,900 shares traded hands during mid-day trading, an increase of 48% from the average daily volume of 60,844 shares. The stock had previously closed at C$0.17.

Opawica Explorations Stock Performance

The firm has a fifty day simple moving average of C$0.22 and a 200-day simple moving average of C$0.16. The company has a quick ratio of 2.11, a current ratio of 1.13 and a debt-to-equity ratio of 1.03. The company has a market cap of C$4.24 million, a PE ratio of -0.56 and a beta of 1.45.

Opawica Explorations Company Profile

Opawica Explorations Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for gold and base metal deposits. The company holds 100% interests in the Arrowhead and Bazooka East claims located in northern Quebec, Canada; and the Bazooka west property, which comprises 24 mineral claims located in Beauchastel Township, Quebec.