Cypress Development (CVE:CYP) Stock Passes Above Fifty Day Moving Average – Here’s Why

Cypress Development Corp. (CVE:CYPGet Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.09 and traded as high as C$1.09. Cypress Development shares last traded at C$1.09, with a volume of 33,605 shares trading hands.

Cypress Development Stock Performance

The firm’s 50 day simple moving average is C$1.09 and its 200 day simple moving average is C$1.09. The firm has a market cap of C$35.88 million and a PE ratio of -10.75. The company has a current ratio of 41.79, a quick ratio of 42.15 and a debt-to-equity ratio of 2.83.

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. Cypress Development Corp. was incorporated in 1991 and is headquartered in Vancouver, Canada.

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