Insider Buying: Canuc Resources (CVE:CDA) Director Buys C$26,400.00 in Stock

Canuc Resources Co. (CVE:CDA) Director Christopher James Berlet purchased 30,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were acquired at an average price of C$0.88 per share, with a total value of C$26,400.00. Following the completion of the acquisition, 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 ownership of the stock.

Christopher James Berlet also recently made the following trade(s):

• On Wednesday, July 29th, Christopher James Berlet acquired 40,000 shares of Canuc Resources stock. The stock was bought at an average price of C$0.90 per share, for a total transaction of C$36,000.00.
• On Wednesday, July 15th, Christopher James Berlet bought 30,000 shares of Canuc Resources stock. The shares were bought at an average cost of C$0.90 per share, for a total transaction of C$27,000.00.
• On Friday, June 26th, Christopher James Berlet bought 40,000 shares of Canuc Resources stock. The shares were bought at an average price of C$0.99 per share, with a total value of C$39,600.00.

Canuc Resources Stock Performance

CVE:CDA traded up C$0.01 during trading hours on Thursday, hitting C$0.87. 29,825 shares of the company traded hands, compared to its average volume of 13,780. The company has a current ratio of 8.71, a quick ratio of 1.03 and a debt-to-equity ratio of 4.03. Canuc Resources Co. has a twelve month low of C$0.50 and a twelve month high of C$1.45. The firm has a 50-day moving average of C$0.91 and a 200 day moving average of C$0.97. The stock has a market capitalization of C$25.39 million, a price-to-earnings ratio of -2.02 and a beta of 0.76.

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.