Canadian Spirit Resources (CVE:SPI) Reaches New 52-Week Low – Here’s What Happened
by Kim Johansen · The Markets DailyCanadian Spirit Resources Inc. (CVE:SPI – Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 175100 shares trading hands. The stock had previously closed at C$0.02.
Canadian Spirit Resources Stock Up 33.3%
The firm has a market cap of C$5.76 million, a price-to-earnings ratio of -0.33 and a beta of -0.62. The firm’s fifty day moving average is C$0.02 and its two-hundred day moving average is C$0.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 2.06.
About Canadian Spirit Resources
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. The company was formerly known as Spirit Energy Corp. and changed its name to Canadian Spirit Resources Inc in June 2004. Canadian Spirit Resources Inc was incorporated in 1987 and is headquartered in Calgary, Canada.