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

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) traded up 33.3% on Saturday . The stock traded as high as C$0.02 and last traded at C$0.02. 297,000 shares changed hands 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 stock’s fifty day moving average is C$0.02 and its two-hundred day moving average is C$0.02. 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 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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