Canadian Spirit Resources (CVE:SPI) Shares Up 33.3% – Should You Buy?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s share price rose 33.3% during mid-day trading on Saturday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 297,000 shares were traded 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 Stock Up 33.3%

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

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.

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