Cypress Development Corp. (CVE:CYP – Get Free Report) shares shot up 1.4% on Monday . The company traded as high as C$1.09 and last traded at C$1.09. 33,605 shares were traded during mid-day 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 Stock Up 1.4 %
The company has a market cap of C$159.72 million and a price-to-earnings ratio of -43.60. The company has a current ratio of 42.83, a quick ratio of 42.15 and a debt-to-equity ratio of 1.50. The business has a fifty day moving average price of C$1.09 and a two-hundred day moving average price of C$1.09.
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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