Canadian Spirit Resources (CVE:SPI) Sets New 52-Week Low – Time to Sell?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.02 and last traded at C$0.03, with a volume of 149000 shares traded. The stock had previously closed at C$0.03.

Canadian Spirit Resources Stock Performance

The company has a market cap of C$5.76 million, a price-to-earnings ratio of -2.00 and a beta of 1.44. 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 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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