Omineca Mining and Metals (CVE:OMM) Shares Down 13% – What’s Next?

Omineca Mining and Metals Ltd. (CVE:OMM)’s stock price fell 13% on Thursday . The company traded as low as C$0.10 and last traded at C$0.10. 311,921 shares were traded during mid-day trading, a decline of 34% from the average session volume of 473,518 shares. The stock had previously closed at C$0.12.

Omineca Mining and Metals Stock Performance

The stock has a fifty day moving average price of C$0.09 and a 200 day moving average price of C$0.07. 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 firm has a market cap of C$23.59 million, a price-to-earnings ratio of -9.00 and a beta of -2.26.

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.