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

Shares of Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) reached a new 52-week low on Friday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 5000 shares. The stock had previously closed at C$0.04.

Canadian Spirit Resources Price Performance

The business has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.05. 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 company has a market capitalization of C$10.09 million, a price-to-earnings ratio of -3.50 and a beta of 1.44.

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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