Omineca Mining and Metals (CVE:OMM) Stock Price Up 50% – Here’s What Happened

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report)’s share price traded up 50% during trading on Friday . The company traded as high as C$0.08 and last traded at C$0.08. 1,211,166 shares traded hands during mid-day trading, an increase of 726% from the average session volume of 146,563 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Stock Performance

The company has a market capitalization of C$13.51 million, a price-to-earnings ratio of -7.50 and a beta of 0.25. The stock has a 50 day moving average of C$0.06 and a 200 day moving average of C$0.07. The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65.

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.

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