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Home CompaniesCanadian Spirit Resources Inc

Canadian Spirit Resources Inc

Energy Oil & Gas E&P
PortfolioPortfolio WatchlistWatchlist
Company price
0.02 CAD 0.00(0%)
Last update at 2026-11-03T14:30:00Z
Market Cap
5.76M

Momentum Score

…

Canadian Spirit Resources Inc., a natural resources company, identifies and develops opportunities in the unconventional natural gas sector in Canada. It primarily develops the Montney Formation natural gas and natural gas liquids resource play in the Farrell Creek Montney area of Northeastern British Columbia. The company was formerly known as Spirit Energy Corp. and changed its name to Canadian Spirit Resources Inc. in June 2004. Canadian Spirit Resources Inc. was incorporated in 1987 and is headquartered in Calgary, Canada. Canadian Spirit Resources Inc. operates as a subsidiary of Elmag Investment Inc.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.02
Low
0.02
High
52 Week Price Range
0.01
Low
0.03
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Public information on Canadian Spirit Resources Inc (TSXV: SPI) is limited; it is listed on the TSX Venture Exchange and appears to be a junior resource exploration company. Long-term growth may be driven by exploration success and project advancement, and investors may find potential upside from early-stage asset exposure if discoveries are made and advanced.

It faces material risks from early-stage exploration status including limited operating history, high financing and dilution risk, commodity-price volatility and permitting or regulatory uncertainty.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.02
Dividend Yield
-
Revenue TTM
0.17M
Revenue Per Share
0.00
Gross Profit TTM
-0.24M
Debt / Equity
-
ROE
-103.59%
Net Debt
-
ROCE
-18.50%
Diluted EPS TTM
-0.06

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Income before tax -18.63M -9.90M -1.83M -1.11M -1.98M
Net income -18.63M -9.90M -1.83M -1.11M -1.98M
Selling general administrative 1.06M 1.01M 0.99M 0.62M 0.87M
Gross profit -0.23M -0.16M -0.02M -0.29M -0.29M
Reconciled depreciation 0.34M 0.44M 0.29M 0.29M 0.29M
Ebit - - - -1.07M -1.37M
Ebitda - - -1.47M -0.78M -1.65M
Operating income -2.11M -1.71M -1.65M -1.08M -1.36M
Other operating expenses - - - - 0.01M
Interest expense 0.09M 0.10M 0.07M 0.03M 0.04M
Interest income 0.14M 0.09M 0.02M 0.00M 0.01M
Net interest income 0.05M -0.02M -0.05M -0.03M -0.03M
Total revenue 0.06M 0.29M 0.28M 0.00M 0.00M
Total operating expenses 2.18M 2.01M 1.94M 1.08M 1.36M
Cost of revenue 0.29M 0.46M 0.30M 0.29M 0.29M
Total other income expense net -16.57M -8.17M -0.12M - -0.58M
Net income from continuing ops -18.63M -9.90M -1.83M -1.11M -1.98M
Net income applicable to common shares - - - -1.11M -1.98M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 11.69M 29.92M 39.27M 39.00M 39.13M
Total liab 2.65M 2.27M 2.76M 2.35M 3.08M
Total stockholder equity 9.03M 27.65M 36.51M 36.65M 36.05M
Other current liab - - - - 0.56M
Common stock - - - 121.38M 119.78M
Capital stock 124.03M 124.03M 122.43M 121.38M 119.78M
Retained earnings -125.59M -106.96M -95.94M -94.39M -93.28M
Other liab - - - 1.87M 2.15M
Other assets - - - 1.80M 1.80M
Cash 4.09M 5.61M 0.77M 1.28M 1.32M
Total current liabilities 0.27M 0.46M 0.72M 0.45M 0.90M
Property plant equipment - - - 35.85M 35.97M
Total current assets 4.18M 5.67M 0.98M 1.35M 1.36M
Net tangible assets - - - 36.65M 36.05M
Net receivables - - - 0.02M 0.01M
Accounts payable 0.22M 0.31M 0.49M 0.44M 0.33M
Non currrent assets other 1.53M 1.53M 1.53M 1.53M 1.80M
Non current assets total 7.51M 24.25M 38.29M 37.64M 37.77M
Capital lease obligations 0.02M 0.02M 0.03M 0.04M 0.04M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Investments -0.05M 4.96M -0.22M -0.47M -0.11M
Change to liabilities - - - 0.10M 0.23M
Total cashflows from investing activities - - - -0.47M -0.11M
Net borrowings -0.01M -0.01M - -0.01M 0.59M
Total cash from financing activities -0.01M 0.79M 1.04M 1.59M 1.59M
Change to operating activities - - - -0.57M 0.56M
Net income -18.63M -9.90M -1.83M -1.11M -1.98M
Change in cash -1.52M 4.43M -0.51M -0.04M 0.69M
Begin period cash flow 5.61M 1.18M 1.28M 1.32M 0.64M
End period cash flow 4.09M 5.61M 0.77M 1.28M 1.32M
Total cash from operating activities -1.46M -1.32M -1.33M -1.16M -0.80M
Issuance of capital stock 0.00M 0.80M 1.05M 1.60M 1.00M
Depreciation 0.31M 0.34M - 0.32M 0.30M
Other cashflows from investing activities - - - -0.36M 0.22M
Change to account receivables 0.01M 0.01M -0.16M -0.02M 0.02M
Change to netincome - - - 0.11M 0.08M
Capital expenditures 0.00M 0.00M 0.37M 0.11M 0.34M
Change in working capital -0.12M -0.32M -0.19M -0.49M 0.81M
Stock based compensation 0.01M 0.32M 0.37M 0.11M 0.05M
Other non cash items 0.36M -0.04M -0.09M 0.03M 0.01M
Free cash flow -1.47M -1.32M -1.70M -1.16M -0.80M

Peer Comparison*

Sector: Energy Industry: Oil & Gas E&P

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
SPI
Canadian Spirit Resources Inc		 -
-%		 0.02 - - 33.55 0.68 12.97 -22.07
LGN
Logan Energy Corp		 0.01
1.01%		 1.50 15.00 14.99 3.80 1.96 3.98 5.87
RECO
Reconnaissance Energy Africa Ltd		 -0.02
3.85%		 0.50 - - 10.07 2.29 11.64 -7.57
CEI
Benchmark Metals Inc		 0.01
0.75%		 0.68 - 27.03 23.27 2.66 20.42 1369.65
EOG
Eco Atlantic Oil & Gas Ltd		 0.02
2.56%		 0.80 - 1.05 145.60 16.68 158.20 -25.23

Profile*

Canadian Spirit Resources Inc

Canadian Spirit Resources Inc., a natural resources company, identifies and develops opportunities in the unconventional natural gas sector in Canada. It primarily develops the Montney Formation natural gas and natural gas liquids resource play in the Farrell Creek Montney area of Northeastern British Columbia. The company was formerly known as Spirit Energy Corp. and changed its name to Canadian Spirit Resources Inc. in June 2004. Canadian Spirit Resources Inc. was incorporated in 1987 and is headquartered in Calgary, Canada. Canadian Spirit Resources Inc. operates as a subsidiary of Elmag Investment Inc.

140 4th Avenue S.W., Calgary, AB, Canada, T2P 3N3

403 294 5500

https://www.csri.ca

Name Title Year Born
Ms. Louisa DeCarlo Pres, CEO & Chairman NA
Mr. Jeffrey Earl Dyck Gen. Counsel NA
Mr. Greg Florence C.M.A., CPA, CMA Chief Financial Officer NA
Mr. Robert P. Winnitoy P. Eng Advisor NA
Ms. Louisa DeCarlo President, CEO & Chairman of the Board NA
Mr. Jeffrey Earl Dyck General Counsel NA
Mr. Jason Mullins Corporate Secretary NA
Mr. William Cameron McDonald CEO, President & Director NA
Mr. Roger M. Jewett C.A., CPA Chief Financial Officer 1964
Mr. William Cameron McDonald Chairman, CEO & President NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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