Cypress Development (CVE:CYP) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Cypress Development Corp. (CVE:CYP) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.09 and traded as low as C$1.06. Cypress Development shares last traded at C$1.09, with a volume of 33,605 shares changing hands.

Cypress Development Trading Up 1.4%

The stock has a market capitalization of C$35.88 million and a price-to-earnings ratio of -10.75. The company has a current ratio of 41.79, a quick ratio of 42.15 and a debt-to-equity ratio of 2.83. The company has a fifty day moving average of C$1.09 and a two-hundred day moving average of C$1.09.

About Cypress Development

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.