Multi-Metal Development (CVE:MLY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Multi-Metal Development Ltd. (CVE:MLY) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Multi-Metal Development Stock Up 14.3%

The stock has a market cap of C$10.05 million, a P/E ratio of 4.00 and a beta of 0.49. The company has a quick ratio of 0.15, a current ratio of 0.06 and a debt-to-equity ratio of 28.65. The business has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04.

About Multi-Metal Development

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.