Canadian Spirit Resources (CVE:SPI) Trading Up 33.3% – Here’s Why

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) shares were up 33.3% on Saturday . 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 company has a debt-to-equity ratio of 0.07, a quick ratio of 2.06 and a current ratio of 1.18. The company has a market cap of C$5.76 million, a P/E ratio of -1.00 and a beta of -0.40. The firm’s fifty day moving average is C$0.02 and its two-hundred 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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