Canadian Spirit Resources (CVE:SPI) Reaches New 1-Year High – Still a Buy?

Canadian Spirit Resources Inc. (CVE:SPI) reached a new 52-week high during trading on Tuesday . The company traded as high as C$0.03 and last traded at C$0.03, with a volume of 3000 shares trading hands. The stock had previously closed at C$0.03.

Canadian Spirit Resources Price Performance

The company’s 50-day moving average price is C$0.02 and its two-hundred day moving average price is C$0.02. The company has a market cap of C$4.32 million, a P/E ratio of -0.25 and a beta of -0.61. The company has a current ratio of 1.18, a quick ratio of 2.06 and a debt-to-equity ratio of 0.07.

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.