Omineca Mining and Metals (CVE:OMM) Stock Price Down 11.1% – Here’s Why

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) were down 11.1% during trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 886,894 shares changed hands during trading, an increase of 237% from the average daily volume of 262,839 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Stock Performance

The stock has a market capitalization of C$8.10 million, a P/E ratio of -4.50 and a beta of 0.25. The stock’s fifty day moving average price is C$0.06 and its two-hundred day moving average price is C$0.06. The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65.

Omineca Mining and Metals Company Profile

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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.

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