Canadian Spirit Resources (CVE:SPI) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.03 and traded as low as C$0.03. Canadian Spirit Resources shares last traded at C$0.03, with a volume of 7,100 shares traded.

Canadian Spirit Resources Trading Down 14.3 %

The stock has a market capitalization of C$8.65 million, a PE ratio of -3.00 and a beta of 1.44. The firm has a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.04. The company has a current ratio of 1.18, a quick ratio of 2.06 and a debt-to-equity ratio of 0.07.

About Canadian Spirit Resources

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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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