Canadian Spirit Resources (CVE:SPI) Sets New 12-Month Low – Time to Sell?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) shares reached a new 52-week low during 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 traded. The stock had previously closed at C$0.02.

Canadian Spirit Resources Price Performance

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 stock has a 50 day moving average price of C$0.02 and a two-hundred day moving average price of C$0.02. The firm has a market capitalization of C$4.32 million, a price-to-earnings ratio of -0.25 and a beta of -0.40.

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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