Canadian Spirit Resources (CVE:SPI) Shares Up 50% – Here’s Why

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) traded up 50% on Monday . The company traded as high as C$0.02 and last traded at C$0.02. 485,100 shares traded hands during mid-day trading, an increase of 354% from the average session volume of 106,921 shares. The stock had previously closed at C$0.01.

Canadian Spirit Resources Stock Performance

The firm has a fifty day moving average of C$0.02 and a 200-day moving average of C$0.02. The firm has a market cap of C$4.32 million, a P/E ratio of -0.25 and a beta of -0.62. The company has a quick ratio of 2.06, a current ratio of 1.18 and a debt-to-equity ratio of 0.07.

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. 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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