Cypress Development (CVE:CYP) Share Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Cypress Development Corp. (CVE:CYPGet Free Report) passed below its 50 day moving average during trading on Thursday . 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 trading hands.

Cypress Development Stock Up 1.4 %

The business has a fifty day moving average price of C$1.09 and a two-hundred day moving average price of C$1.09. The company has a debt-to-equity ratio of 1.50, a current ratio of 42.83 and a quick ratio of 42.15. The firm has a market cap of C$159.72 million and a PE ratio of -43.60.

Cypress Development Company Profile

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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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