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

Canadian Spirit Resources Inc. (CVE:SPI)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$0.03 and last traded at C$0.02, with a volume of 53000 shares changing hands. The stock had previously closed at C$0.02.

Canadian Spirit Resources Trading Down 40.0%

The company has a quick ratio of 2.06, a current ratio of 1.18 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average price is C$0.02 and its 200-day moving average price is C$0.02. The stock has a market capitalization of C$4.32 million, a P/E ratio of -0.25 and a beta of -1.89.

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.