Cypress Development (CVE:CYP) Shares Pass Below 50-Day Moving Average – Here’s Why

Cypress Development Corp. (CVE:CYPGet Free Report) shares passed below its fifty day moving average during trading on Tuesday . 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 Trading Up 1.4 %

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 0.69, a quick ratio of 42.15 and a current ratio of 17.56. The company has a 50 day moving average price of C$1.09 and a two-hundred day moving average price of C$1.09.

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.

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