Cypress Development (CVE:CYP) Stock Price Passes Below 50-Day Moving Average – What’s Next?
by Danessa Lincoln · The Markets DailyCypress Development Corp. (CVE:CYP – Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 stock has a 50 day moving average of C$1.09 and a two-hundred day moving average of C$1.09. The stock has a market capitalization of C$35.88 million and a PE 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
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.