Canadian Spirit Resources (CVE:SPI) Share Price Passes Above 50 Day Moving Average of $0.04

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.04 and traded as high as C$0.05. Canadian Spirit Resources shares last traded at C$0.05, with a volume of 32,000 shares traded.

Canadian Spirit Resources Stock Up 12.5 %

The business has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.06. The company has a market capitalization of C$12.97 million, a price-to-earnings ratio of -4.50 and a beta of 1.45. The company has a quick ratio of 2.06, a current ratio of 1.18 and a debt-to-equity ratio of 0.07.

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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