Multi-Metal Development (CVE:MLY) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Multi-Metal Development Ltd. (CVE:MLYGet Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Price Performance

The company has a debt-to-equity ratio of 28.65, a current ratio of 0.06 and a quick ratio of 0.15. The company’s 50 day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The firm has a market capitalization of C$10.05 million, a P/E ratio of 4.00 and a beta of 0.49.

About Multi-Metal Development

(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. Its flagship project comprises the CuMo molybdenum project that consists of 105 unpatented mineral claims located in south-central Idaho, the United States. The company was formerly known as American CuMo Mining Corporation.

Featured Stories

Receive News & Ratings for Multi-Metal Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Multi-Metal Development and related companies with MarketBeat.com's FREE daily email newsletter.