Omineca Mining and Metals (CVE:OMM) Stock Price Down 10% – Time to Sell?

Shares of Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) dropped 10% during trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 104,000 shares changed hands during trading, a decline of 26% from the average daily volume of 139,791 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Trading Down 10.0 %

The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65. The stock has a market capitalization of C$8.10 million, a PE ratio of -5.00 and a beta of 0.25. The firm has a 50 day moving average price of C$0.06 and a 200 day moving average price of C$0.07.

Omineca Mining and Metals Company Profile

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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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