Canadian Spirit Resources (CVE:SPI) Trading 33.3% Higher – Here’s What Happened

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s share price traded up 33.3% on Saturday . The company 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 Stock Up 33.3%

The firm’s 50-day moving average is C$0.02 and its two-hundred day moving average is 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 stock has a market cap of C$5.76 million, a P/E ratio of -1.00 and a beta of -0.40.

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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