Canadian Spirit Resources (CVE:SPI) Trading Up 33.3% – Should You Buy?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s stock price shot up 33.3% on Saturday . The stock traded as high as C$0.02 and last traded at C$0.02. 297,000 shares were traded 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 Price Performance

The stock has a fifty day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.02. The company has a market cap of C$5.76 million, a PE 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.

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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