Canadian Spirit Resources (CVE:SPI) Shares Cross Below 50 Day Moving Average – Should You Sell?

Canadian Spirit Resources Inc. (CVE:SPI) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.02 and traded as low as C$0.02. Canadian Spirit Resources shares last traded at C$0.02, with a volume of 148,000 shares.

Canadian Spirit Resources Stock Performance

The company has a market cap of C$4.32 million, a P/E ratio of -0.25 and a beta of -0.59. The company has a quick ratio of 2.06, a current ratio of 1.18 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02.

Canadian Spirit Resources Company Profile

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. The company was formerly known as Spirit Energy Corp. and changed its name to Canadian Spirit Resources Inc in June 2004. Canadian Spirit Resources Inc was incorporated in 1987 and is headquartered in Calgary, Canada.