Cypress Development (CVE:CYP) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Cypress Development Corp. (CVE:CYPGet Free Report) shares crossed below its 50 day moving average during trading on Thursday . 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 changing hands.

Cypress Development Price Performance

The company has a debt-to-equity ratio of 0.69, a current ratio of 17.56 and a quick ratio of 42.15. The company has a 50 day moving average price of C$1.09 and a 200 day moving average price of C$1.09. The firm has a market cap of C$35.88 million and a PE ratio of -10.75.

About Cypress Development

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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.

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