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

Multi-Metal Development Ltd. (CVE:MLY) passed above its 50 day moving average during trading on Thursday . The stock has a 50 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 changing hands.

Multi-Metal Development Trading Up 14.3 %

The firm has a market cap of C$10.05 million, a P/E ratio of 4.00 and a beta of 0.49. The company has a 50 day moving average of C$0.04 and a 200 day moving average of C$0.04. 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

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.