Canadian Spirit Resources (CVE:SPI) Trading 33.3% Higher – Should You Buy?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) shares traded up 33.3% on Friday . The company traded as high as C$0.02 and last traded at C$0.02. 297,000 shares were traded during 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 Performance

The company has a market cap of C$5.76 million, a PE ratio of -1.00 and a beta of -0.40. 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’s 50 day moving average is C$0.02 and its 200-day moving average is C$0.02.

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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