Canuc Resources (CVE:CDA) Shares Down 3.2% – Here’s Why

Canuc Resources Co. (CVE:CDA)’s stock price was down 3.2% on Thursday . The company traded as low as C$0.91 and last traded at C$0.92. 15,485 shares traded hands during trading, an increase of 8% from the average daily volume of 14,372 shares. The stock had previously closed at C$0.95.

Canuc Resources Trading Up 3.3%

The business’s 50 day simple moving average is C$0.89 and its 200 day simple moving average is C$0.92. The company has a debt-to-equity ratio of 4.03, a current ratio of 8.71 and a quick ratio of 1.03. The company has a market capitalization of C$27.72 million, a price-to-earnings ratio of -2.21 and a beta of 0.61.

Insider Buying and Selling

In related news, Director Christopher James Berlet bought 30,000 shares of the stock in a transaction on Monday, August 17th. The shares were bought at an average cost of C$0.88 per share, for a total transaction of C$26,400.00. Following the purchase, the director owned 2,870,000 shares of the company’s stock, valued at C$2,525,600. This trade represents a 1.06% increase in their position. Over the last ninety days, insiders purchased 140,000 shares of company stock worth $129,000. 11.53% of the stock is owned by corporate insiders.

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.