Canadian Spirit Resources (CVE:SPI) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

by · The Cerbat Gem

Canadian Spirit Resources Inc. (CVE:SPI – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.05 and traded as low as C$0.05. Canadian Spirit Resources shares last traded at C$0.05, with a volume of 25,000 shares changing hands.

Canadian Spirit Resources Trading Down 10.0 %

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 has a market capitalization of C$12.97 million, a price-to-earnings ratio of -4.50 and a beta of 1.44. The business has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.06.

Canadian Spirit Resources Company Profile

(Get Free Report)

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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