Omineca Mining and Metals (CVE:OMM) Shares Down 17.6% – Here’s What Happened

Omineca Mining and Metals Ltd. (CVE:OMM)’s share price traded down 17.6% during trading on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07. 137,017 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 149,839 shares. The stock had previously closed at C$0.09.

Omineca Mining and Metals Stock Performance

The company has a market cap of C$12.61 million, a P/E ratio of -7.00 and a beta of 0.25. The stock has a 50 day moving average price of C$0.06 and a two-hundred day moving average price of C$0.07. The company has a quick ratio of 0.41, a current ratio of 0.96 and a debt-to-equity ratio of 183.65.

Omineca Mining and Metals Company Profile

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.