Multi-Metal Development (CVE:MLY) Stock Crosses Below 200-Day Moving Average – What’s Next?

by · The Markets Daily

Multi-Metal Development Ltd. (CVE:MLY – Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.04 and traded as low as C$0.04. Multi-Metal Development shares last traded at C$0.04, with a volume of 139,000 shares changing hands.

Multi-Metal Development Trading Up 14.3%

The firm has a market cap of C$10.05 million, a PE ratio of 4.00 and a beta of 0.49. The firm has a fifty day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.04. The company has a current ratio of 0.06, a quick ratio of 0.15 and a debt-to-equity ratio of 28.65.

Multi-Metal Development Company Profile

(Get Free Report)

Multi-Metal Development Ltd., a mineral exploration and development company, focuses on identifying, acquiring, and developing natural resource opportunities in the United States, Austria, and Canada. The company explores for molybdenum, copper, silver, tungsten, zinc, germanium, lead, fluorite, cadmium, and rhenium deposits. Its flagship project comprises the CuMo molybdenum project that consists of 105 unpatented mineral claims located in south-central Idaho, the United States. The company was formerly known as American CuMo Mining Corporation.

Further Reading