Cypress Development (CVE:CYP) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Cypress Development Corp. (CVE:CYP) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.09 and traded as high as C$1.09. Cypress Development shares last traded at C$1.09, with a volume of 33,605 shares traded.

Cypress Development Price Performance

The firm’s 50-day moving average is C$1.09 and its two-hundred day moving average is C$1.09. The company has a market cap of C$159.72 million and a P/E ratio of -43.60. The company has a debt-to-equity ratio of 1.50, a current ratio of 42.83 and a quick ratio of 42.15.

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.