Canadian Spirit Resources (CVE:SPI) Hits New 52-Week Low – Here’s Why

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 1000 shares traded. The stock had previously closed at C$0.03.

Canadian Spirit Resources Stock Down 20.0 %

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 stock has a market capitalization of C$5.76 million, a price-to-earnings ratio of -2.50 and a beta of 1.44. The firm’s fifty day moving average is C$0.04 and its 200-day moving average is 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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