Multi-Metal Development (CVE:MLY) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Multi-Metal Development Ltd. (CVE:MLY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.04 and traded as high as C$0.04. Multi-Metal Development shares last traded at C$0.04, with a volume of 139,000 shares changing hands.

Multi-Metal Development Price Performance

The company has a debt-to-equity ratio of 28.65, a current ratio of 0.06 and a quick ratio of 0.15. The stock has a market cap of C$10.05 million, a P/E ratio of 4.00 and a beta of 0.49. The company’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04.

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.