Omineca Mining and Metals (CVE:OMM) Hits New 1-Year Low – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.05, with a volume of 315000 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Trading Up 11.1 %

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 stock has a market cap of C$9.00 million, a price-to-earnings ratio of -5.00 and a beta of 0.25. The company has a fifty day simple moving average of C$0.05 and a 200-day simple moving average of C$0.06.

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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