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

Canadian Spirit Resources Inc. (CVE:SPI)’s share price was up 50% during mid-day trading on Monday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 200,100 shares changed hands during mid-day trading, an increase of 91% from the average daily volume of 104,585 shares. The stock had previously closed at C$0.01.

Canadian Spirit Resources Stock Up 33.3%

The stock has a market cap of C$5.76 million, a PE ratio of -0.33 and a beta of -0.62. 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 debt-to-equity ratio of 0.07, a current ratio of 1.18 and a quick ratio of 2.06.

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.