Omineca Mining and Metals (CVE:OMM) Stock Price Up 36.4% – Should You Buy?

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shot up 36.4% on Friday . The stock traded as high as C$0.08 and last traded at C$0.08. 1,029,718 shares were traded during trading, an increase of 369% from the average session volume of 219,438 shares. The stock had previously closed at C$0.06.

Omineca Mining and Metals Price Performance

The firm has a fifty day moving average of C$0.05 and a two-hundred day moving average of C$0.05. 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 company has a market capitalization of C$26.21 million, a PE ratio of -10.00 and a beta of -2.33.

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.

Further Reading

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