Canadian Spirit Resources (CVE:SPI) Stock Price Down 33.3%

Canadian Spirit Resources Inc. (CVE:SPI)’s stock price fell 33.3% during trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. 180,000 shares changed hands during trading, an increase of 146% from the average session volume of 73,275 shares. The stock had previously closed at C$0.06.

Canadian Spirit Resources Stock Down 33.3 %

The business has a 50 day simple moving average of C$0.07 and a 200 day simple moving average of C$0.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.56 and a quick ratio of 2.06. The company has a market capitalization of C$11.13 million, a price-to-earnings ratio of -6.00 and a beta of 1.75.

Canadian Spirit Resources (CVE:SPI) last posted its quarterly earnings data on Thursday, May 30th. The solar energy provider reported C($0.02) earnings per share for the quarter. The firm had revenue of C$0.15 million during the quarter.

About Canadian Spirit Resources

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.