Canadian Spirit Resources (CVE:SPI) Sets New 12-Month Low – What’s Next?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 35000 shares traded. The stock had previously closed at C$0.03.

Canadian Spirit Resources Stock Up 20.0 %

The firm has a fifty day simple moving average of C$0.04 and a 200 day simple moving average of C$0.05. 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 market cap of C$8.65 million, a PE ratio of -3.00 and a beta of 1.44.

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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