Canadian Spirit Resources (CVE:SPI) Trading 33.3% Higher – Time to Buy?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s share price was up 33.3% on Friday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 297,000 shares changed hands during 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 stock has a market cap of C$5.76 million, a P/E 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 stock’s fifty day moving average price is C$0.02 and its 200 day moving average price 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.

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