Canadian Spirit Resources (CVE:SPI) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.04 and traded as low as C$0.03. Canadian Spirit Resources shares last traded at C$0.03, with a volume of 136,000 shares changing hands.

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’s fifty day moving average is C$0.03 and its 200-day moving average is C$0.04. The stock has a market cap of C$8.65 million, a PE 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.

Further Reading

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