Cypress Development Corp. (CVE:CYP – Get Free Report) shares traded up 1.4% during trading on Thursday. The company traded as high as C$1.09 and last traded at C$1.09. Approximately 33,605 shares changed hands during trading, a decline of 53% from the average session volume of 71,527 shares. The stock had previously closed at C$1.07.
Cypress Development Price Performance
The company has a debt-to-equity ratio of 2.83, a current ratio of 41.79 and a quick ratio of 42.15. The stock has a market capitalization of C$35.88 million and a price-to-earnings ratio of -10.75. The company has a 50-day simple moving average of C$1.09 and a two-hundred day simple moving average of C$1.09.
About Cypress Development
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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