Canadian Spirit Resources (CVE:SPI) Reaches New 1-Year Low – What’s Next?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 5000 shares. The stock had previously closed at C$0.04.

Canadian Spirit Resources Price Performance

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$10.09 million, a price-to-earnings ratio of -3.50 and a beta of 1.44. The business’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.05.

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.

Further Reading

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