Cypress Development Corp. (CVE:CYP – Get Free Report) shares shot up 1.4% during mid-day trading on Thursday . The stock traded as high as C$1.09 and last traded at C$1.09. 33,605 shares were traded during trading, a decline of 53% from the average session volume of 71,527 shares. The stock had previously closed at C$1.08.
Cypress Development Stock Up 1.4%
The company has a debt-to-equity ratio of 2.83, a current ratio of 41.79 and a quick ratio of 42.15. The firm has a market cap of C$35.88 million and a price-to-earnings ratio of -10.75. The firm has a 50 day moving average price of C$1.09 and a 200-day moving average price 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.
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