Cypress Development (CVE:CYP) Shares Up 1.4% – Here’s Why

Shares of Cypress Development Corp. (CVE:CYPGet Free Report) rose 1.4% during trading on Friday . The company traded as high as C$1.09 and last traded at C$1.09. Approximately 33,605 shares changed hands during mid-day 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 Trading Up 1.4%

The business has a 50-day moving average price of C$1.09 and a 200-day moving average price of C$1.09. The company has a quick ratio of 42.15, a current ratio of 17.56 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of C$35.88 million and a P/E ratio of -10.75.

About Cypress Development

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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.

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