Canadian Spirit Resources (CVE:SPI) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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 35,000 shares.

Canadian Spirit Resources Stock Down 14.3 %

The business’s 50 day moving average is C$0.03 and its 200 day moving average is C$0.04. 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 stock has a market cap of C$8.65 million, a price-to-earnings ratio of -3.00 and a beta of 1.44.

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.

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