Canadian Spirit Resources (CVE:SPI) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.03 and traded as low as C$0.03. Canadian Spirit Resources shares last traded at C$0.03, with a volume of 35,000 shares trading hands.

Canadian Spirit Resources Stock Down 14.3 %

The firm has a fifty day moving average price of C$0.03 and a 200-day moving average price of C$0.04. The company has a quick ratio of 2.06, a current ratio of 1.18 and a debt-to-equity ratio of 0.07. The firm has a market cap of C$8.65 million, a price-to-earnings ratio of -3.00 and a beta of 1.44.

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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