Canadian Spirit Resources (CVE:SPI) Shares Up 50% – Here’s What Happened

Canadian Spirit Resources Inc. (CVE:SPI) shares traded up 50% during mid-day trading on Tuesday . The company traded as high as C$0.02 and last traded at C$0.02. 485,100 shares were traded during trading, an increase of 354% from the average session volume of 106,921 shares. The stock had previously closed at C$0.01.

Canadian Spirit Resources Trading Up 50.0%

The stock’s 50 day moving average is C$0.02 and its two-hundred day moving average is C$0.02. The company has a market capitalization of C$4.32 million, a PE ratio of -0.25 and a beta of -0.62. The company has a quick ratio of 2.06, a current ratio of 1.18 and a debt-to-equity ratio of 0.07.

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.