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

Shares of Canadian Spirit Resources Inc. (CVE:SPI) crossed below its 50-day moving average during trading on Monday . The stock has a 50-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 Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 2.06. The company has a market capitalization of C$4.32 million, a PE ratio of -0.25 and a beta of -0.59. The firm has a 50-day moving average of C$0.02 and a 200 day 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.