Cypress Development (CVE:CYP) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Shares of Cypress Development Corp. (CVE:CYP) 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 trading hands.

Cypress Development Trading Up 1.4%

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

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.