Cypress Development Corp. (CVE:CYP – Get Free Report) shares rose 1.4% during trading on Friday . The company traded as high as C$1.09 and last traded at C$1.09. Approximately 33,605 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 71,527 shares. The stock had previously closed at C$1.08.
Cypress Development Stock Performance
The company has a quick ratio of 42.15, a current ratio of 42.83 and a debt-to-equity ratio of 1.50. The firm has a market cap of C$159.72 million and a P/E ratio of -43.60. The business has a fifty day simple moving average of C$1.09 and a 200-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.
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