Canadian Spirit Resources (CVE:SPI) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) 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 Stock 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 stock has a market cap of C$7.20 million, a P/E ratio of -2.50 and a beta of 1.44. The stock’s fifty day simple moving average is C$0.03 and its 200-day simple moving average is C$0.04.

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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