Multi-Metal Development (CVE:MLY) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Multi-Metal Development Ltd. (CVE:MLY) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-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.

Multi-Metal Development Stock Performance

The company’s 50-day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04. The company has a debt-to-equity ratio of 28.65, a quick ratio of 0.15 and a current ratio of 0.06. The stock 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.