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

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) reached 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 Trading Down 12.5 %

The company has a market cap of C$10.09 million, a price-to-earnings ratio of -4.00 and a beta of 1.44. The company’s 50 day moving average price is C$0.04 and its 200 day moving average price is C$0.05. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.06 and a current ratio of 1.18.

Canadian Spirit Resources Company Profile

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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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