Cypress Development (CVE:CYP) Shares Cross Below Fifty Day Moving Average – Here’s Why

Cypress Development Corp. (CVE:CYPGet Free Report)’s share price crossed below its 50 day moving average during trading on Friday . 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 traded.

Cypress Development Trading Up 1.4%

The company has a 50 day moving average of C$1.09 and a 200 day moving average of C$1.09. The company has a current ratio of 41.79, a quick ratio of 42.15 and a debt-to-equity ratio of 2.83. The firm has a market cap of C$35.88 million and a price-to-earnings ratio of -10.75.

About Cypress Development

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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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