Canadian Spirit Resources (CVE:SPI) Stock Price Up 33.3% – Here’s Why

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s stock price traded up 33.3% during mid-day trading 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 Stock Up 33.3%

The firm has a market capitalization of C$5.76 million, a P/E ratio of -1.00 and a beta of -0.40. The company has a fifty day simple moving average of C$0.02 and a 200 day simple moving average of 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.

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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