Canadian Spirit Resources (CVE:SPI) Shares Up 33.3% – Still a Buy?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) shares rose 33.3% during trading on Friday . The stock 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 Trading Up 33.3%

The stock 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 debt-to-equity ratio of 0.07, a quick ratio of 2.06 and a current ratio of 1.18. The firm has a market cap of C$5.76 million, a P/E ratio of -1.00 and a beta of -0.40.

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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