Shares of Cypress Development Corp. (CVE:CYP – Get Free Report) were up 1.4% during mid-day trading on Thursday . The stock traded as high as C$1.09 and last traded at C$1.09. Approximately 33,605 shares changed 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 Price Performance
The company’s 50-day simple moving average is C$1.09 and its 200-day simple moving average is C$1.09. The company has a debt-to-equity ratio of 2.83, a current ratio of 41.79 and a quick ratio of 42.15. The stock has a market capitalization 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.
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