Canadian Spirit Resources (CVE:SPI) Reaches New 1-Year Low – Here’s Why

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) shares reached a new 52-week low on Thursday . The company traded as low as C$0.04 and last traded at C$0.04, with a volume of 110000 shares trading hands. The stock had previously closed at C$0.04.

Canadian Spirit Resources Trading Down 12.5 %

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 2.06. The stock has a market capitalization of C$10.09 million, a PE ratio of -3.50 and a beta of 1.44. The stock’s 50 day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.05.

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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