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

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04, with a volume of 283600 shares. The stock had previously closed at C$0.05.

Canadian Spirit Resources Price Performance

The firm has a market capitalization of C$11.53 million, a price-to-earnings ratio of -4.50 and a beta of 1.44. The business’s fifty day simple moving average is C$0.05 and its 200 day simple moving average is C$0.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 2.06.

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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