Canadian Spirit Resources (CVE:SPI) Shares Cross Below 50-Day Moving Average – Time to Sell?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.03 and traded as low as C$0.02. Canadian Spirit Resources shares last traded at C$0.02, with a volume of 1,000 shares.

Canadian Spirit Resources Trading Down 20.0 %

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 firm has a market cap of C$5.76 million, a PE ratio of -2.00 and a beta of 1.44. The business has a 50-day moving average price of C$0.03 and a two-hundred day moving average price of C$0.03.

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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