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flag Canadian Spirit Resources shares surged 33% to C$0.02 on heavy volume, with no stated reason.

flag Canadian Spirit Resources (CVE:SPI) shares jumped 33.3% on Friday, reaching a high of C$0.02 and closing at that level, with trading volume surging to 297,000 shares—239% above average. flag The small-cap natural resources firm, focused on unconventional natural gas and liquids in British Columbia’s Montney Formation, has a market cap of C$5.76 million and a low debt-to-equity ratio of 0.07. flag Its 50-day and 200-day moving averages both stood at C$0.02, and it has a negative P/E ratio and beta of -0.40. flag No specific reason for the rally was provided.

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