Canadian Spirit Resources (CVE:SPI) Trading 50% Higher – Here’s What Happened

by · The Cerbat Gem

Canadian Spirit Resources Inc. (CVE:SPI – Get Free Report) was up 50% during trading on Monday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 200,100 shares traded hands during mid-day trading, an increase of 91% from the average daily volume of 104,585 shares. The stock had previously closed at C$0.01.

Canadian Spirit Resources Stock Up 33.3%

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 price-to-earnings ratio of -0.33 and a beta of -0.62. The firm’s 50 day simple moving average is C$0.02 and its two-hundred day simple moving average is C$0.02.

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. The company was formerly known as Spirit Energy Corp. and changed its name to Canadian Spirit Resources Inc in June 2004. Canadian Spirit Resources Inc was incorporated in 1987 and is headquartered in Calgary, Canada.

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