Cypress Development (CVE:CYP) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Cypress Development Corp. (CVE:CYPGet Free Report)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-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.

Cypress Development Trading Up 1.4%

The stock has a market capitalization of C$35.88 million and a P/E ratio of -10.75. The business has a 50 day simple moving average of C$1.09 and a 200-day simple moving average of C$1.09. The company has a debt-to-equity ratio of 2.83, a quick ratio of 42.15 and a current ratio of 41.79.

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. Cypress Development Corp. was incorporated in 1991 and is headquartered in Vancouver, Canada.

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