Canadian Spirit Resources (CVE:SPI) Sets New 52-Week Low – Should You Sell?

Shares of Canadian Spirit Resources Inc. (CVE:SPI) hit a new 52-week low during trading on Monday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 15288 shares trading hands. The stock had previously closed at C$0.02.

Canadian Spirit Resources Trading Down 33.3%

The firm has a 50-day moving average of C$0.02 and a 200 day moving average of C$0.02. The company has a current ratio of 1.18, a quick ratio of 2.06 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of C$2.88 million, a price-to-earnings ratio of -0.17 and a beta of -0.59.

Canadian Spirit Resources Company Profile

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.