Omineca Mining and Metals (CVE:OMM) Stock Price Down 8.3% – Time to Sell?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) was down 8.3% during trading on Thursday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 250,227 shares were traded during trading, a decline of 41% from the average daily volume of 423,019 shares. The stock had previously closed at C$0.12.

Omineca Mining and Metals Trading Up 4.2%

The firm has a fifty day moving average of C$0.08 and a two-hundred day moving average of 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. The company has a market cap of C$32.73 million, a PE ratio of -12.50 and a beta of -2.16.

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

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