Canadian Spirit Resources (CVE:SPI) Sets New 12-Month Low – Should You Sell?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.05, with a volume of 65000 shares trading hands. The stock had previously closed at C$0.05.

Canadian Spirit Resources Trading Up 11.1 %

The stock has a market cap of C$14.41 million, a price-to-earnings ratio of -5.00 and a beta of 1.45. The business has a 50-day simple moving average of C$0.04 and a two-hundred day simple moving average of C$0.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.06 and a current ratio of 1.18.

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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