Omineca Mining and Metals (CVE:OMM) Trading Up 20% – Here’s Why

Omineca Mining and Metals Ltd. (CVE:OMM) was up 20% during mid-day trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 904,500 shares were traded during mid-day trading, an increase of 524% from the average daily volume of 144,853 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Stock Up 40.0 %

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 firm’s 50-day moving average price is C$0.06 and its 200 day moving average price is C$0.07. The firm has a market capitalization of C$12.61 million, a price-to-earnings ratio of -7.00 and a beta of 0.25.

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.