Cypress Development (CVE:CYP) Stock Jumps 1.4% – Still a Buy?

Cypress Development Corp. (CVE:CYP – Get Free Report)’s share price rose 1.4% on Thursday. The company traded as high as C$1.09 and last traded at C$1.09. Approximately 33,605 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 71,527 shares. The stock had previously closed at C$1.07.

Cypress Development Trading Up 1.4%

The business’s 50 day simple moving average is C$1.09 and its two-hundred day simple moving average is C$1.09. The stock has a market cap of C$35.88 million and a P/E ratio of -10.75. The company has a quick ratio of 42.15, a current ratio of 41.79 and a debt-to-equity ratio of 2.83.

Cypress Development Company Profile

(Get Free Report)

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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