Canadian Spirit Resources (CVE:SPI) Sets New 52-Week Low – What’s Next?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s share price hit a new 52-week low on Wednesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 3600 shares trading hands. The stock had previously closed at C$0.01.

Canadian Spirit Resources Stock 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 firm has a market cap of C$4.32 million, a P/E ratio of -0.25 and a beta of -2.39. The stock’s 50 day moving average is C$0.02 and its two-hundred day moving average is C$0.02.

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. 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.

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