Multi-Metal Development (CVE:MLY) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Multi-Metal Development Ltd. (CVE:MLY) passed below its fifty day moving average during trading on Monday . The stock has a fifty 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 traded.

Multi-Metal Development Price Performance

The stock’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.04. 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 stock has a market capitalization of C$10.05 million, a PE ratio of 4.00 and a beta of 0.49.

Multi-Metal Development Company Profile

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.