Multi-Metal Development (CVE:MLY) Stock Crosses Below 50-Day Moving Average – Here’s Why

Multi-Metal Development Ltd. (CVE:MLYGet Free Report)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.04 and traded as low as C$0.04. Multi-Metal Development shares last traded at C$0.04, with a volume of 139,000 shares.

Multi-Metal Development Price Performance

The company’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. The company has a market cap of C$10.05 million, a PE 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.

About Multi-Metal Development

(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.

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