Canadian Spirit Resources (CVE:SPI) Trading 18.2% Higher

Canadian Spirit Resources, Inc. (CVE:SPI) traded up 18.2% during trading on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07, 1,000 shares traded hands during mid-day trading. A decline of 98% from the average session volume of 56,734 shares. The stock had previously closed at C$0.06.

The firm has a fifty day moving average of C$0.07 and a 200 day moving average of C$0.06. The company has a market capitalization of $13.73 million and a P/E ratio of -1.71. The company has a current ratio of 10.57, a quick ratio of 10.24 and a debt-to-equity ratio of 0.12.

About Canadian Spirit Resources (CVE:SPI)

Canadian Spirit Resources Inc, a natural resources company, focuses on the identification, exploration, development, and production of petroleum and natural gas properties in Canada. It primarily develops the Montney Formation natural gas and natural gas liquids resource play in the Farrell Creek/Altares area of northeastern British Columbia.

Further Reading: What does a hold rating mean?

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