Canadian Spirit Resources (CVE:SPI) Shares Up 33.3% – Here’s What Happened

Canadian Spirit Resources Inc. (CVE:SPIGet Free Report) shares traded up 33.3% during mid-day trading on Monday . The stock traded as high as C$0.03 and last traded at C$0.02. 1,155,654 shares changed hands during trading, an increase of 874% from the average session volume of 118,609 shares. The stock had previously closed at C$0.02.

Canadian Spirit Resources Price Performance

The stock’s fifty day moving average price is C$0.02 and its 200-day moving average price is C$0.02. The firm has a market cap of C$5.76 million, a PE ratio of -0.33 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

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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.

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