Canadian Spirit Resources (CVE:SPI) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s share price crossed below its 50-day moving average during trading on Friday . 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 7,000 shares changing hands.

Canadian Spirit Resources Stock Performance

The company has a market capitalization of C$7.20 million, a PE ratio of -2.50 and a beta of 1.44. 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 company has a 50 day moving average price of C$0.03 and a 200 day moving average price of C$0.04.

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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