Canadian Spirit Resources Stock Today
SPI Stock | CAD 0.09 0.01 12.50% |
Performance12 of 100
| Odds Of DistressLess than 28
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Canadian Spirit is selling for under 0.09 as of the 29th of March 2024; that is 12.50% increase since the beginning of the trading day. The stock's lowest day price was 0.09. Canadian Spirit has about a 28 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat good performance during the last 90 days. Equity ratings for Canadian Spirit Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain Energy |
Canadian Spirit Resources Inc., a natural resources company, focuses on the identification, exploration, development, and production of petroleum and natural gas properties in Canada. Canadian Spirit Resources Inc. was incorporated in 1987 and is headquartered in Calgary, Canada. The company has 278.18 M outstanding shares of which 32 shares are at this time shorted by private and institutional investors with about 0.0 days to cover all short positions. More on Canadian Spirit Resources
Moving against Canadian Stock
0.71 | BIR | Birchcliff Energy | PairCorr |
0.63 | PXT | Parex Resources | PairCorr |
0.42 | VET | Vermilion Energy | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Canadian Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Canadian Spirit's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Canadian Spirit or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO President | Louisa DeCarlo | ||||
Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | ||||
Canadian Spirit's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Canadian Spirit's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Canadian Spirit's financial leverage. It provides some insight into what part of Canadian Spirit's total assets is financed by creditors.
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Canadian Spirit Resources (SPI) is traded on TSX Venture Exchange in Canada and employs 5 people. Canadian Spirit is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 23.65 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Canadian Spirit's market, we take the total number of its shares issued and multiply it by Canadian Spirit's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Canadian Spirit Resources classifies itself under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 278.18 M outstanding shares of which 32 shares are at this time shorted by private and institutional investors with about 0.0 days to cover all short positions.
Canadian Spirit Resources has accumulated about 1.65 M in cash with (1.33 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
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Ownership AllocationCanadian Spirit holds a total of 278.18 Million outstanding shares. Canadian Spirit Resources shows majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 63.21 percent of Canadian Spirit Resources outstanding shares that are owned by insiders signifies that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Canadian Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Canadian Spirit jumping above the current price in 90 days from now is about 16.16%. The Canadian Spirit Resources probability density function shows the probability of Canadian Spirit stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Canadian Spirit Resources has a beta of -2.2942. This usually implies as returns on its benchmark rise, returns on holding Canadian Spirit Resources are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Canadian Spirit is expected to outperform its benchmark. Moreover, canadian Spirit Resources has an alpha of 1.5073, implying that it can generate a 1.51 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Canadian Spirit to move above the current price in 90 days from now is about 16.16 (This Canadian Spirit Resources probability density function shows the probability of Canadian Stock to fall within a particular range of prices over 90 days) .
Canadian Spirit Resources Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Canadian Spirit market risk premium is the additional return an investor will receive from holding Canadian Spirit long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Canadian Spirit. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Canadian Spirit's alpha and beta are two of the key measurements used to evaluate Canadian Spirit's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 5.25 | |||
Semi Deviation | 5.22 | |||
Standard Deviation | 8.36 | |||
Variance | 69.93 |
Canadian Stock Against Markets
Picking the right benchmark for Canadian Spirit stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Canadian Spirit stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Canadian Spirit is critical whether you are bullish or bearish towards Canadian Spirit Resources at a given time. Please also check how Canadian Spirit's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Canadian Spirit without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Canadian Spirit Corporate Management
Elected by the shareholders, the Canadian Spirit's board of directors comprises two types of representatives: Canadian Spirit inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canadian. The board's role is to monitor Canadian Spirit's management team and ensure that shareholders' interests are well served. Canadian Spirit's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Canadian Spirit's outside directors are responsible for providing unbiased perspectives on the board's policies.
CMA CPA | Chief Officer | Profile | |
Robert Eng | Advisor | Profile | |
Jeffrey Dyck | General Counsel | Profile | |
Jason Mullins | Corporate Secretary | Profile |
How to buy Canadian Stock?
Before investing in Canadian Spirit, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Canadian Spirit. To buy Canadian Spirit stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Canadian Spirit. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Canadian Spirit stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Canadian Spirit Resources stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Canadian Spirit Resources stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Canadian Spirit Resources, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Canadian Spirit Resources?
The danger of trading Canadian Spirit Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Canadian Spirit is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Canadian Spirit. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Canadian Spirit Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Canadian Spirit Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Canadian Stock analysis
When running Canadian Spirit's price analysis, check to measure Canadian Spirit's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Spirit is operating at the current time. Most of Canadian Spirit's value examination focuses on studying past and present price action to predict the probability of Canadian Spirit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Spirit's price. Additionally, you may evaluate how the addition of Canadian Spirit to your portfolios can decrease your overall portfolio volatility.
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