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

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

Canadian Spirit Resources Price Performance

The stock has a market capitalization of C$7.20 million, a price-to-earnings ratio of -0.42 and a beta of -0.61. The company has a fifty day simple moving average of C$0.02 and a 200 day simple moving average of C$0.02. 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.