Omineca Mining and Metals (CVE:OMM) Trading 50% Higher – Should You Buy?

Shares of Omineca Mining and Metals Ltd. (CVE:OMM) rose 50% during trading on Saturday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 1,211,166 shares changed hands during trading, an increase of 726% from the average daily volume of 146,563 shares. The stock had previously closed at C$0.05.

Omineca Mining and Metals Price Performance

The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96. The company has a market capitalization of C$13.51 million, a P/E ratio of -7.50 and a beta of 0.25. The firm’s fifty day moving average is C$0.06 and its 200 day moving average is 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.