Multi-Metal Development (CVE:MLY) Stock Passes Below 50 Day Moving Average – Here’s Why

Multi-Metal Development Ltd. (CVE:MLY) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 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 trading hands.

Multi-Metal Development Stock Performance

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

Multi-Metal Development Company Profile

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.