Cypress Development Corp. (CVE:CYP – Get Free Report) 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 were traded during 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 Price Performance
The business’s 50 day moving average is C$1.09 and its two-hundred day moving average is C$1.09. The company has a debt-to-equity ratio of 1.50, a quick ratio of 42.15 and a current ratio of 42.83. The firm has a market capitalization of C$159.72 million and a PE ratio of -43.60.
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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