Canadian Spirit Resources (CVE:SPI) Shares Up 33.3% – What’s Next?

Shares of Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) were up 33.3% during mid-day trading on Friday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 297,000 shares traded 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 Performance

The firm has a market capitalization of C$5.76 million, a PE ratio of -1.00 and a beta of -0.40. The business has a 50-day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 2.06.

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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