Canadian Spirit Resources (CVE:SPI) Share Price Passes Below 50 Day Moving Average – What’s Next?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) shares 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.

Canadian Spirit Resources Stock Performance

The company 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 of C$0.03 and a two-hundred day moving average of C$0.04. 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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