Omineca Mining and Metals (CVE:OMM) Trading Down 11.1% – Time to Sell?

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) fell 11.1% during trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. 886,894 shares were traded during mid-day trading, an increase of 237% from the average session volume of 262,839 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Price Performance

The company has a market capitalization of C$8.10 million, a price-to-earnings ratio of -4.50 and a beta of 0.25. The company has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06. The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96.

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.

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