Multi-Metal Development (CVE:MLY) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Multi-Metal Development Ltd. (CVE:MLYGet Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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.

Multi-Metal Development Price Performance

The company has a 50 day moving average price of C$0.04 and a 200 day moving average price of C$0.04. The company has a market capitalization of C$10.05 million, a price-to-earnings ratio of 4.00 and a beta of 0.49. The company has a current ratio of 0.06, a quick ratio of 0.15 and a debt-to-equity ratio of 28.65.

About Multi-Metal Development

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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.

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