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

Canadian Spirit Resources Inc. (CVE:SPI) hit a new 52-week low during mid-day trading 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 Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.06 and a current ratio of 1.18. The stock has a market cap of C$10.09 million, a PE ratio of -3.50 and a beta of 1.44. The business’s fifty day moving average price is C$0.04 and its 200-day moving average price is C$0.05.

Canadian Spirit Resources Company Profile

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.