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

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

Canadian Spirit Resources Price Performance

The firm’s 50 day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02. 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 stock has a market cap of C$5.76 million, a PE ratio of -1.00 and a beta of -0.40.

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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