Omineca Mining and Metals (CVE:OMM) Trading 11.1% Higher – What’s Next?

Omineca Mining and Metals Ltd. (CVE:OMM) shares traded up 11.1% during trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 401,600 shares traded hands during mid-day trading, an increase of 34% from the average session volume of 299,076 shares. The stock had previously closed at C$0.04.

Omineca Mining and Metals Stock Up 11.1%

The firm has a 50-day moving average price of C$0.06 and a two-hundred day moving average price of C$0.08. The firm has a market cap of C$13.39 million, a price-to-earnings ratio of -5.00 and a beta of -0.88. The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96.

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. The company was incorporated in 2011 and is based in Saskatoon, Canada.