Canadian Spirit Resources (CVE:SPI) Stock Price Up 33.3% – Time to Buy?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) shot up 33.3% during mid-day trading on Friday . The stock traded as high as C$0.02 and last traded at C$0.02. 297,000 shares were traded during mid-day trading, an increase of 239% from the average session volume of 87,541 shares. The stock had previously closed at C$0.02.

Canadian Spirit Resources Stock Performance

The company’s 50 day moving average price is C$0.02 and its 200-day moving average price is C$0.02. The stock has a market cap of C$5.76 million, a P/E ratio of -1.00 and a beta of -0.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.06 and a current ratio of 1.18.

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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