Canadian Spirit Resources (CVE:SPI) Stock Price Up 33.3% – Time to 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 were traded 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 Price Performance

The business has a 50-day moving average of C$0.02 and a two-hundred day moving average of C$0.02. The company has a current ratio of 1.18, a quick ratio of 2.06 and a debt-to-equity ratio of 0.07. The firm 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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