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

Canadian Spirit Resources Inc. (CVE:SPI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.03 and last traded at C$0.03, with a volume of 2000 shares changing hands. The stock had previously closed at C$0.03.

Canadian Spirit Resources Price Performance

The stock’s fifty day moving average is C$0.02 and its 200-day moving average is C$0.02. The stock 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.

Canadian Spirit Resources Company Profile

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.