Omineca Mining and Metals (CVE:OMM) Trading 72.7% Higher – Time to Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) was up 72.7% during trading on Saturday . The company traded as high as C$0.10 and last traded at C$0.10. Approximately 2,844,418 shares traded hands during trading, an increase of 1,150% from the average daily volume of 227,521 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Trading Up 72.7%

The stock has a market capitalization of C$24.90 million, a price-to-earnings ratio of -9.50 and a beta of -2.33. 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 company has a fifty day moving average of C$0.05 and a two-hundred day moving average of C$0.05.

About Omineca Mining and Metals

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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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