Omineca Mining and Metals (CVE:OMM) Shares Down 18.8% – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMM) shares traded down 18.8% on Monday . The stock traded as low as C$0.07 and last traded at C$0.07. 105,003 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 236,411 shares. The stock had previously closed at C$0.08.

Omineca Mining and Metals Stock Down 12.5%

The firm has a market capitalization of C$18.35 million, a P/E ratio of -7.00 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 stock has a 50 day moving average of C$0.06 and a 200-day moving average of C$0.06.

About Omineca Mining and Metals

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. The company was incorporated in 2011 and is based in Saskatoon, Canada.