Multi-Metal Development (CVE:MLY) Stock Crosses Below 200 Day Moving Average – What’s Next?

Multi-Metal Development Ltd. (CVE:MLY)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Multi-Metal Development Trading Up 14.3%

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

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.