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Canadian Spirit Resources shares surged 50% on heavy volume, sparking investor questions.
Canadian Spirit Resources (CVE:SPI) shares jumped 50% to C$0.02 on Monday, driven by a 91% increase in trading volume to 200,100 shares.
The Calgary-based company, focused on unconventional natural gas in British Columbia’s Montney Formation, has a market cap of C$4.32 million and a low debt-to-equity ratio of 0.07.
Its 50-day and 200-day moving averages both stand at C$0.02, while its negative P/E ratio and beta of -0.62 reflect unusual financial metrics.
The stock’s sharp rise has sparked questions about its future potential, though no clear investment recommendation is made.
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Las acciones de Canadian Spirit Resources subieron un 50% debido a un gran volumen, provocando preguntas de los inversores.