Multi-Metal Development (CVE:MLY) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Multi-Metal Development Ltd. (CVE:MLYGet Free Report) shares crossed above its fifty day moving average during trading on Wednesday . 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.

Multi-Metal Development Trading Up 14.3%

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

Multi-Metal Development Company Profile

(Get Free Report)

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. Its flagship project comprises the CuMo molybdenum project that consists of 105 unpatented mineral claims located in south-central Idaho, the United States. The company was formerly known as American CuMo Mining Corporation.

Featured Stories

Receive News & Ratings for Multi-Metal Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Multi-Metal Development and related companies with MarketBeat.com's FREE daily email newsletter.