Canuc Resources (CVE:CDA) Reaches New 52-Week High – Time to Buy?

Canuc Resources Co. (CVE:CDA)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$0.15 and last traded at C$0.14, with a volume of 52139 shares. The stock had previously closed at C$0.14.

Canuc Resources Trading Down 11.1%

The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.03 and a current ratio of 8.71. The firm has a fifty day moving average price of C$0.12 and a 200 day moving average price of C$0.09. The company has a market cap of C$34.05 million, a price-to-earnings ratio of -4.00 and a beta of 1.72.

About Canuc Resources

Canuc Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of oil and gas properties and precious metals in Canada, the United States, and Mexico. It explores for silver, lead, gold, copper, and zinc deposits. The company holds working interest in the natural gas assets and producing gas wells in Texas, the United States. It also holds interest in the San Javier Project located in the state of Sonora, northwest Mexico. Canuc Resources Corporation was founded in 1954 and is headquartered in Toronto, Canada.