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

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

Canadian Spirit Resources Trading Down 20.0 %

The firm has a market cap of C$5.76 million, a P/E ratio of -2.50 and a beta of 1.44. 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 firm has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.04.

About Canadian Spirit Resources

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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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