Canadian Spirit Resources (CVE:SPI) Reaches New 52-Week Low – Here’s What Happened

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.02 and last traded at C$0.02, with a volume of 8025 shares traded. The stock had previously closed at C$0.02.

Canadian Spirit Resources Price Performance

The stock has a market cap of C$7.20 million, a price-to-earnings ratio of -2.50 and a beta of 1.44. The stock’s 50 day moving average price is C$0.03 and its two-hundred day moving average price 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.

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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