Cypress Development Corp. (CVE:CYP – Get Free Report)’s share price shot up 1.4% during trading on Friday . The stock traded as high as C$1.09 and last traded at C$1.09. 33,605 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 71,527 shares. The stock had previously closed at C$1.08.
Cypress Development Stock Performance
The firm has a market cap of C$159.72 million and a PE ratio of -43.60. The business has a 50 day simple moving average of C$1.09 and a two-hundred day simple moving average of C$1.09. The company has a quick ratio of 42.15, a current ratio of 42.83 and a debt-to-equity ratio of 1.50.
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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