Canadian Spirit Resources (CVE:SPI) Sets New 52-Week High – Here’s Why

Canadian Spirit Resources Inc. (CVE:SPI)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.03 and last traded at C$0.03, with a volume of 2703 shares. The stock had previously closed at C$0.03.

Canadian Spirit Resources Stock Performance

The firm has a 50 day moving average of C$0.02 and a 200-day moving average of C$0.02. The stock has a market capitalization of C$5.76 million, a PE ratio of -0.33 and a beta of -1.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.06 and a current ratio of 1.18.

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.