Canadian Spirit Resources (CVE:SPI) Sets New 12-Month Low – Should You Sell?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 283600 shares changing hands. The stock had previously closed at C$0.05.

Canadian Spirit Resources Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.06 and a current ratio of 1.18. The firm has a market cap of C$11.53 million, a P/E ratio of -4.50 and a beta of 1.44. The firm’s fifty day moving average price is C$0.05 and its 200 day moving average price is C$0.06.

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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