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Omineca Mining surged 72.7% to C$0.10 on heavy volume, but the reason was unexplained.
Omineca Mining and Metals (CVE:OMM) surged 72.7% on Friday, closing at C$0.10 after rising from C$0.06, with trading volume spiking to 2.8 million shares—1,150% above average.
The junior resource firm, focused on gold projects in British Columbia including Wingdam, Fraser Canyon, and Mouse Mountain, has a market cap of C$24.9 million.
Financial metrics show a negative P/E ratio of -9.50, a debt-to-equity ratio of 183.65, and high volatility with a beta of -2.33.
The 50-day and 200-day moving averages are both C$0.05.
The cause of the price surge was not specified, and the article does not conclude whether the stock remains a viable investment.
Omineca Mining subió un 72,7% a C $ 0,10 en volumen pesado, pero la razón fue inexplicada.