Canadian Spirit Resources (CVE:SPI) Stock Price Passes Above 50-Day Moving Average of $0.07

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.07 and traded as high as C$0.08. Canadian Spirit Resources shares last traded at C$0.08, with a volume of 72,000 shares changing hands.

Canadian Spirit Resources Price Performance

The stock has a market cap of C$22.25 million, a PE ratio of -8.00 and a beta of 1.66. The business’s 50-day simple moving average is C$0.07 and its 200-day simple moving average is C$0.06. The company has a quick ratio of 2.06, a current ratio of 1.11 and a debt-to-equity ratio of 0.08.

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.

Further Reading

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