Cypress Development (CVE:CYP) Shares Up 1.4% – Here’s Why

Shares of Cypress Development Corp. (CVE:CYP) rose 1.4% on Friday . The stock traded as high as C$1.09 and last traded at C$1.09. Approximately 33,605 shares changed hands during trading, a decline of 53% from the average daily volume of 71,527 shares. The stock had previously closed at C$1.08.

Cypress Development Stock Performance

The company has a current ratio of 42.83, a quick ratio of 42.15 and a debt-to-equity ratio of 1.50. The stock has a market cap of C$159.72 million and a price-to-earnings ratio of -43.60. The stock’s 50-day simple moving average is C$1.09 and its 200-day simple moving average is C$1.09.

Cypress Development Company Profile

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.