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

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02, with a volume of 67140 shares changing hands. The stock had previously closed at C$0.02.

Canadian Spirit Resources Stock Performance

The firm’s fifty day moving average is C$0.02 and its 200-day moving average is C$0.02. 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$4.32 million, a PE ratio of -0.25 and a beta of -0.40.

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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