Canadian Spirit Resources Inc. (CDX:SPI:CA) Paces TSX Venture Basic Materials Companies with 13.33% Gain in Morning Trading on February 7
Canadian Spirit Resources Inc. (CDX:SPI:CA) is amongst the strongest basic materials stocks listed on the TSX Venture Exchange through noon on February 7, with a climb of 13.33%. After closing the previous session at $0.15, shares of SPI:CA opened this morning at $0.17 and are currently trading at $0.17. At the lunch break, about 40,000 shares have changed hands, compared to an average 30-day volume of 30,340 for Canadian Spirit Resources Inc.. Shares moved as high as $0.17 and as low as $0.17 in today’s morning action.
The share appreciation gives the company a market capitalization of $23.51 million based upon 156.76 million shares outstanding.
In the past 52 weeks, shares of Canadian Spirit Resources Inc. have traded as low as $0.08 and as high as $0.17. Technical traders will take note that at $0.17, shares of SPI:CA are trading above their 50-day moving average (MA) at $0.131 and above their 200-day MA at above $0.113. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them or holding over them is typically regarded as bullish.
Who is $Cdn Spirit?
Canadian Spirit Resources Inc is a natural resources company. The Company identifies and develops opportunities in the unconventional natural gas sector of the energy industry. The company is led by its CEO J.R. Couillard from its headquarters at First Alberta Place, 777 8th Avenue South West.
For more information on Cdn Spirit and other companies trading on the TSX Venture Exchange, as well as other Canadian and American stock exchanges, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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Source: Financial Press News
(February 8, 2017 - 1:31 AM EST)
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