Shares of Canadian Spirit Resources Inc. (CVE:SPI – Get Free Report) fell 20% during mid-day trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02. 71,000 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 64,650 shares. The stock had previously closed at C$0.03.
Canadian Spirit Resources Price Performance
The company’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. The company has a quick ratio of 2.06, a current ratio of 1.18 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of C$7.20 million, a PE ratio of -2.50 and a beta of 1.44.
About Canadian Spirit Resources
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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