Omineca Mining and Metals (CVE:OMM) Stock Price Up 11.1% – Still a Buy?

Omineca Mining and Metals Ltd. (CVE:OMMGet Free Report) shares rose 11.1% during mid-day trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 401,600 shares were traded during trading, an increase of 34% from the average daily volume of 299,076 shares. The stock had previously closed at C$0.04.

Omineca Mining and Metals Price Performance

The company’s 50-day simple moving average is C$0.06 and its 200 day simple moving average is C$0.08. The company has a market cap of C$13.39 million, a PE ratio of -5.00 and a beta of -0.88. The company has a debt-to-equity ratio of 183.65, a quick ratio of 0.41 and a current ratio of 0.96.

About Omineca Mining and Metals

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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. The company was incorporated in 2011 and is based in Saskatoon, Canada.

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