Omineca Mining and Metals (CVE:OMM) Trading 72.7% Higher – Time to Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares shot up 72.7% on Saturday . The stock traded as high as C$0.10 and last traded at C$0.10. 2,844,418 shares traded hands during mid-day trading, an increase of 1,150% from the average session volume of 227,521 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Stock Up 72.7%

The company’s 50 day moving average price is C$0.05 and its two-hundred day moving average price is C$0.05. The firm has a market cap of C$24.90 million, a PE ratio of -9.50 and a beta of -2.33. The company has a current ratio of 0.96, a quick ratio of 0.41 and a debt-to-equity ratio of 183.65.

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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