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

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s share price shot up 33.3% on Saturday . The company traded as high as C$0.02 and last traded at C$0.02. 297,000 shares were traded 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 firm has a market capitalization of C$5.76 million, a price-to-earnings ratio of -1.00 and a beta of -0.40. The company has a current ratio of 1.18, a quick ratio of 2.06 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of C$0.02 and a two-hundred day moving average price of 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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