Canadian Spirit Resources (CVE:SPI) Reaches New 12-Month High – Here’s What Happened

Shares of Canadian Spirit Resources Inc. (CVE:SPI) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03, with a volume of 2000 shares trading hands. The stock had previously closed at C$0.03.

Canadian Spirit Resources Price Performance

The stock has a 50-day moving average of C$0.02 and a 200-day 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. The firm has a market cap of C$7.20 million, a price-to-earnings ratio of -0.42 and a beta of -0.61.

Canadian Spirit Resources Company Profile

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. The company was formerly known as Spirit Energy Corp. and changed its name to Canadian Spirit Resources Inc in June 2004. Canadian Spirit Resources Inc was incorporated in 1987 and is headquartered in Calgary, Canada.