Canadian Spirit Resources (CVE:SPI) Hits New 1-Year Low – Time to Sell?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 1000 shares changing hands. The stock had previously closed at C$0.03.

Canadian Spirit Resources Trading Up 25.0 %

The stock’s 50-day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 2.06. The firm has a market capitalization of C$7.20 million, a P/E ratio of -2.50 and a beta of 1.44.

Canadian Spirit Resources Company Profile

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Canadian Spirit Resources Inc, a natural resources company, focuses on the identification and development of opportunities in the unconventional natural gas sector in Canada. It primarily develops the Montney Formation natural gas and natural gas liquids resource play in the Farrell Creek Montney area of northeastern British Columbia.

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