Omineca Mining and Metals (CVE:OMM) Stock Price Down 13.3% – Should You Sell?

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price was down 13.3% on Friday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 213,500 shares traded hands during trading, a decline of 50% from the average daily volume of 426,276 shares. The stock had previously closed at C$0.08.

Omineca Mining and Metals Stock Down 6.7%

The company 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 debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96. The firm has a market capitalization of C$18.35 million, a PE ratio of -7.00 and a beta of -1.62.

Omineca Mining and Metals Company Profile

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.