Omineca Mining and Metals (CVE:OMM) Stock Price Down 15.4% – Here’s What Happened

Shares of Omineca Mining and Metals Ltd. (CVE:OMM) dropped 15.4% during trading on Friday . The company traded as low as C$0.05 and last traded at C$0.06. Approximately 1,143,437 shares traded hands during mid-day trading, an increase of 162% from the average daily volume of 436,820 shares. The stock had previously closed at C$0.07.

Omineca Mining and Metals Trading Down 15.4 %

The stock has a market cap of C$9.90 million, a price-to-earnings ratio of -5.50 and a beta of 0.25. The business’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is 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.

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.