Canadian Spirit Resources (CVE:SPI) Sets New 1-Year Low – Should You Sell?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 10000 shares. The stock had previously closed at C$0.03.

Canadian Spirit Resources Stock Performance

The firm’s 50 day simple moving average is C$0.03 and its 200-day simple moving average is C$0.03. The company has a market capitalization of C$5.76 million, a PE ratio of -2.00 and a beta of 1.44. The company has a quick ratio of 2.06, a current ratio of 1.18 and a debt-to-equity ratio of 0.07.

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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