Canadian Spirit Resources (CVE:SPI) Shares Up 50% – Here’s What Happened
by Kim Johansen · The Markets DailyShares of Canadian Spirit Resources Inc. (CVE:SPI – Get Free Report) were up 50% during trading on Monday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 485,100 shares traded hands during trading, an increase of 354% from the average daily volume of 106,921 shares. The stock had previously closed at C$0.01.
Canadian Spirit Resources Stock Up 33.3%
The stock has a market capitalization of C$5.76 million, a price-to-earnings ratio of -0.33 and a beta of -0.62. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 2.06. The business has a fifty day moving average of C$0.02 and a 200 day moving average of C$0.02.
About Canadian Spirit Resources
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.