Cypress Development (CVE:CYP) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Shares of Cypress Development Corp. (CVE:CYP) crossed below its 50-day moving average during trading on Monday . 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 trading hands.

Cypress Development Stock Up 1.4%

The stock has a market cap of C$35.88 million and a PE ratio of -10.75. 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 41.79 and a debt-to-equity ratio of 2.83.

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.