Cypress Development (CVE:CYP) Shares Up 1.4% – Still a Buy?

Cypress Development Corp. (CVE:CYP – Get Free Report) traded up 1.4% during mid-day trading on Monday . The company traded as high as C$1.09 and last traded at C$1.09. 33,605 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 71,527 shares. The stock had previously closed at C$1.07.

Cypress Development Stock Performance

The firm’s fifty day moving average is C$1.09 and its 200 day moving average is C$1.09. The firm has a market capitalization of C$35.88 million and a price-to-earnings ratio of -10.75. The company has a debt-to-equity ratio of 2.83, a current ratio of 41.79 and a quick ratio of 42.15.

Cypress Development Company Profile

(Get Free Report)

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. Cypress Development Corp. was incorporated in 1991 and is headquartered in Vancouver, Canada.

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