Canadian Spirit Resources (CVE:SPI) Reaches New 1-Year Low – Here’s What Happened

Canadian Spirit Resources Inc. (CVE:SPI – Get Free Report)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03, with a volume of 35000 shares changing hands. The stock had previously closed at C$0.03.

Canadian Spirit Resources Stock Performance

The company has a market capitalization of C$7.20 million, a PE ratio of -3.00 and a beta of 1.44. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.06 and a current ratio of 1.18. The company has a 50 day moving average price of C$0.04 and a 200 day moving average price of C$0.05.

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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