Multi-Metal Development (CVE:MLY) Shares Pass Above 50 Day Moving Average of $0.04

Multi-Metal Development Ltd. (CVE:MLY) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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 Price Performance

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

About Multi-Metal Development

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.