Cypress Development (CVE:CYP) Trading 1.4% Higher – Time to Buy?

Cypress Development Corp. (CVE:CYP)’s stock price was up 1.4% on Friday . The stock traded as high as C$1.09 and last traded at C$1.09. Approximately 33,605 shares traded hands during trading, a decline of 53% from the average daily volume of 71,527 shares. The stock had previously closed at C$1.08.

Cypress Development Stock Performance

The company has a current ratio of 17.56, a quick ratio of 42.15 and a debt-to-equity ratio of 0.69. The firm’s fifty day moving average price is C$1.09 and its 200-day moving average price is C$1.09. The firm has a market cap of C$35.88 million and a price-to-earnings ratio of -10.75.

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.