Cypress Development (CVE:CYP) Stock Passes Below 50 Day Moving Average – Time to Sell?

Cypress Development Corp. (CVE:CYP) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$1.09 and traded as low as C$1.06. Cypress Development shares last traded at C$1.09, with a volume of 33,605 shares traded.

Cypress Development Stock Performance

The business has a 50-day moving average of C$1.09 and a two-hundred day moving average of C$1.09. The company has a debt-to-equity ratio of 2.83, a current ratio of 41.79 and a quick ratio of 42.15. The company has a market cap of C$35.88 million and a P/E ratio of -10.75.

Cypress Development Company Profile

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. Cypress Development Corp. was incorporated in 1991 and is headquartered in Vancouver, Canada.