Shares of Cypress Development Corp. (CVE:CYP – Get Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$1.09 and traded as low as C$1.06. Cypress Development shares last traded at C$1.09, with a volume of 33,605 shares changing hands.
Cypress Development Stock Performance
The business has a fifty day simple moving average of C$1.09 and a two-hundred day simple moving average of C$1.09. The company has a quick ratio of 42.15, a current ratio of 17.56 and a debt-to-equity ratio of 0.69. The company has a market cap of C$35.88 million and a P/E ratio of -10.75.
About Cypress Development
Cypress Development Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties in the United States and Canada. It explores for lithium, zinc, and silver deposits. The company's flagship project is the Clayton Valley project that covers an area of approximately 5,430 acres located in southwest Nevada.
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