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 Friday . 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 48,000 shares trading hands.

Canadian Spirit Resources Trading Up 20.0 %

The business’s 50-day moving average price is C$0.03 and its 200-day moving average price is C$0.04. The firm has a market capitalization of C$8.65 million, a PE ratio of -3.00 and a beta of 1.44. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 2.06.

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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