Omineca Mining and Metals (CVE:OMM) Shares Up 72.7% – Still a Buy?

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price shot up 72.7% on Saturday . The stock traded as high as C$0.10 and last traded at C$0.10. 2,844,418 shares were traded during trading, an increase of 1,150% from the average session volume of 227,521 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Stock Performance

The company has a market capitalization of C$24.90 million, a PE ratio of -9.50 and a beta of -2.33. The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96. The company has a 50 day moving average price of C$0.05 and a 200 day moving average price of C$0.05.

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.