Canadian Spirit Resources (CVE:SPI) Shares Up 50% – What’s Next?

Canadian Spirit Resources Inc. (CVE:SPI) was up 50% 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 mid-day 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 Price Performance

The business has a fifty day moving average of C$0.02 and a 200-day moving average of C$0.02. 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$4.32 million, a PE ratio of -0.25 and a beta of -0.62.

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.