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

Shares of Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) rose 33.3% on Friday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 297,000 shares changed 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 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 fifty day simple moving average of C$0.02 and a 200-day simple moving average of C$0.02. 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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