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

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) traded up 33.3% on Friday . The stock traded as high as C$0.02 and last traded at C$0.02. 297,000 shares changed hands during 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 Price Performance

The company has a market capitalization of C$5.76 million, a PE ratio of -1.00 and a beta of -0.40. 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’s 50 day simple moving average is C$0.02 and its 200 day simple moving average is C$0.02.

Canadian Spirit Resources Company Profile

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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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