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

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday . 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 4,000 shares.

Canadian Spirit Resources Trading Up 25.0 %

The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.06 and a current ratio of 1.18. The business has a 50-day simple moving average of C$0.03 and a two-hundred day simple moving average of C$0.04. The stock has a market cap of C$7.20 million, a price-to-earnings ratio of -2.50 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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