Cypress Development (CVE:CYP) Trading 24.1% Higher

Cypress Development Corp. (CVE:CYPGet Rating)’s stock price traded up 24.1% on Monday . The company traded as high as C$1.45 and last traded at C$1.39. 339,913 shares traded hands during trading, an increase of 35% from the average session volume of 251,063 shares. The stock had previously closed at C$1.12.

Cypress Development Price Performance

The firm has a market cap of C$197.08 million and a price-to-earnings ratio of -53.80. The business’s 50-day simple moving average is C$1.25 and its two-hundred day simple moving average is C$1.36. The company has a current ratio of 34.54, a quick ratio of 34.04 and a debt-to-equity ratio of 1.59.

About Cypress Development

(Get Rating)

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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