Canadian Spirit Resources (CVE:SPI) Sets New 1-Year Low – Should You Sell?

Shares of Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) hit a new 52-week low during 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 trading hands. The stock had previously closed at C$0.02.

Canadian Spirit Resources Trading Up 25.0 %

The business’s 50-day moving average is C$0.03 and its two-hundred day moving average is C$0.04. The company has a current ratio of 1.18, a quick ratio of 2.06 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of C$7.20 million, a PE ratio of -2.50 and a beta of 1.44.

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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