Cypress Development (CVE:CYP) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Cypress Development Corp. (CVE:CYP) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1.09 and traded as high as C$1.09. Cypress Development shares last traded at C$1.09, with a volume of 33,605 shares trading hands.

Cypress Development Stock Performance

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’s 50 day moving average is C$1.09 and its 200-day moving average is C$1.09. The stock has a market capitalization of C$159.72 million and a price-to-earnings 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.