Canuc Resources (CVE:CDA) Stock Price Down 3.2% – Time to Sell?

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

Canuc Resources Price Performance

The stock has a market cap of C$26.18 million, a price-to-earnings ratio of -2.14 and a beta of 0.61. The company has a 50 day simple moving average of C$0.89 and a 200-day simple moving average of C$0.92. The company has a current ratio of 8.71, a quick ratio of 1.03 and a debt-to-equity ratio of 4.03.

Insider Transactions at Canuc Resources

In other news, Director Christopher James Berlet bought 30,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were purchased at an average price 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 approximately C$2,525,600. The trade was a 1.06% increase in their position. Over the last quarter, insiders purchased 140,000 shares of company stock valued at $129,000. 11.53% of the stock is currently owned by company insiders.

Canuc Resources Company Profile

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.