Cypress Development (CVE:CYP) Stock Price Up 1.4% – Here’s Why

Cypress Development Corp. (CVE:CYP) shares traded up 1.4% on Friday . The company traded as high as C$1.09 and last traded at C$1.09. 33,605 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 71,527 shares. The stock had previously closed at C$1.08.

Cypress Development Price Performance

The company has a debt-to-equity ratio of 0.69, a current ratio of 17.56 and a quick ratio of 42.15. The company’s 50-day moving average price is C$1.09 and its 200-day moving average price is C$1.09. The company has a market cap of C$35.88 million and a P/E ratio of -10.75.

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.