Multi-Metal Development (CVE:MLY) Shares Cross Below 50-Day Moving Average – Here’s Why

Multi-Metal Development Ltd. (CVE:MLY) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-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 Trading Up 14.3%

The company has a market capitalization of C$10.05 million, a PE 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. The stock has a fifty day moving average of C$0.04 and a two-hundred day moving average of C$0.04.

About Multi-Metal Development

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.