Multi-Metal Development (CVE:MLY) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Multi-Metal Development Ltd. (CVE:MLYGet Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.04 and traded as high as C$0.04. Multi-Metal Development shares last traded at C$0.04, with a volume of 139,000 shares trading hands.

Multi-Metal Development Trading Up 14.3 %

The company has a debt-to-equity ratio of 28.65, a current ratio of 0.06 and a quick ratio of 0.15. The firm’s 50 day moving average price is C$0.04 and its 200 day moving average price is C$0.04. The stock has a market capitalization of C$10.05 million, a P/E ratio of 4.00 and a beta of 0.49.

Multi-Metal Development Company Profile

(Get Free Report)

Multi-Metal Development Ltd., a mineral exploration and development company, focuses on identifying, acquiring, and developing natural resource opportunities in the United States, Austria, and Canada. The company explores for molybdenum, copper, silver, tungsten, zinc, germanium, lead, fluorite, cadmium, and rhenium deposits.

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