Canadian Spirit Resources (CVE:SPI) Hits New 12-Month High – Still a Buy?

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$0.03 and last traded at C$0.03, with a volume of 5019 shares changing hands. The stock had previously closed at C$0.02.

Canadian Spirit Resources Stock Up 25.0%

The firm has a market capitalization of C$7.20 million, a PE ratio of -0.42 and a beta of -0.61. 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 company has a 50-day moving average price of C$0.02 and a 200 day moving average price of 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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