Canadian Spirit Resources (CVE:SPI) Sets New 1-Year Low – What’s Next?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 10280 shares trading hands. The stock had previously closed at C$0.04.

Canadian Spirit Resources Trading Down 14.3 %

The firm has a market capitalization of C$8.65 million, a PE ratio of -3.50 and a beta of 1.44. The business has a fifty day moving average price of C$0.04 and a two-hundred day moving average price of C$0.05. The company has a current ratio of 1.18, a quick ratio of 2.06 and a debt-to-equity ratio of 0.07.

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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