Cypress Development (CVE:CYP) Shares Up 1.4% – What’s Next?

Cypress Development Corp. (CVE:CYP) was up 1.4% during trading on Thursday. The stock traded as high as C$1.09 and last traded at C$1.09. 33,605 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 71,527 shares. The stock had previously closed at C$1.07.

Cypress Development Stock Performance

The firm has a fifty day moving average of C$1.09 and a 200-day moving average of C$1.09. The firm has a market cap of C$35.88 million and a P/E ratio of -10.75. The company has a quick ratio of 42.15, a current ratio of 41.79 and a debt-to-equity ratio of 2.83.

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.