Omineca Mining and Metals (CVE:OMM) Trading 50% Higher – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price traded up 50% during trading on Friday . The company traded as high as C$0.08 and last traded at C$0.08. 1,211,166 shares were traded during mid-day trading, an increase of 726% from the average session volume of 146,563 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Stock Up 50.0 %

The stock has a market cap of C$13.51 million, a PE ratio of -7.50 and a beta of 0.25. The company has a debt-to-equity ratio of 183.65, a current ratio of 0.96 and a quick ratio of 0.41. The company has a 50 day moving average price of C$0.06 and a two-hundred day moving average price of C$0.07.

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.