Omineca Mining and Metals (CVE:OMM) Stock Price Down 15% – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s stock price dropped 15% during trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 534,651 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 520,169 shares. The stock had previously closed at C$0.10.

Omineca Mining and Metals Price Performance

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 firm has a fifty day simple moving average of C$0.08 and a 200-day simple moving average of C$0.06. The company has a market capitalization of C$22.25 million, a PE ratio of -8.50 and a beta of -2.16.

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

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