Omineca Mining and Metals (CVE:OMM) Reaches New 12-Month Low – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.05, with a volume of 315000 shares trading hands. The stock had previously closed at C$0.05.

Omineca Mining and Metals Stock 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 firm’s fifty day moving average is C$0.05 and its 200 day moving average is C$0.06. The company has a market cap of C$8.10 million, a PE ratio of -4.50 and a beta of 0.25.

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.