Home / Market Movers / Omineca Mining and Metals Ltd. (CDX:OMM:CA) Advances 8.33% on February 16, Leads TSX Venture Basic Materials Sector

Omineca Mining and Metals Ltd. (CDX:OMM:CA) Advances 8.33% on February 16, Leads TSX Venture Basic Materials Sector

With an advance of 8.33%, Omineca Mining and Metals Ltd. (CDX:OMM:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.06, shares of OMM:CA opened this morning at $0.065 and closed the day at $0.065. Throughout the day, about 45,375 shares changed hands, compared to an average 30-day volume of 4,886 for Omineca Mining and Metals Ltd.. Shares moved as high as $0.07 and as low as $0.065 in today’s trading action.

The share appreciation gives the company a market capitalization of $4.43 million based upon 73.89 million shares outstanding.

In the past 52 weeks, shares of Omineca Mining and Metals Ltd. have traded as low as $0.045 and as high as $0.11. Technical traders will take note that at $0.065, shares of OMM:CA are trading above their 50-day moving average (MA) at $0.06 and below their 200-day MA at below $0.066. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them or holding over them is typically regarded as bullish.

Who is $OMnca Mng an?

Omineca Mining and Metals Ltd is a junior resource company holding properties in British Columbia and the Yukon for the purpose of exploring for, and the development of mineral resources. The company is led by its CEO Timothy J. Termuende from its headquarters at 44-12th Avenue South.

For more information on OMnca Mng an and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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About the TSX Venture Exchange

Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.

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