Multi-Metal Development (CVE:MLY) Stock Passes Below 50-Day Moving Average – What’s Next?

Shares of Multi-Metal Development Ltd. (CVE:MLYGet Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-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 Stock Performance

The company has a quick ratio of 0.15, a current ratio of 0.06 and a debt-to-equity ratio of 28.65. The stock has a market capitalization of C$10.05 million, a P/E ratio of 4.00 and a beta of 0.49. The business has a fifty day moving average price of C$0.04 and a 200-day moving average price of C$0.04.

Multi-Metal Development Company Profile

(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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