Omineca Mining and Metals (CVE:OMM) Trading Down 17.6% – Should You Sell?

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price traded down 17.6% on Thursday . The company traded as low as C$0.07 and last traded at C$0.07. 137,017 shares were traded during mid-day trading, a decline of 9% from the average session volume of 149,839 shares. The stock had previously closed at C$0.09.

Omineca Mining and Metals Price Performance

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’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.07. The stock has a market capitalization of C$12.61 million, a PE ratio of -7.00 and a beta of 0.25.

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.