Canuc Resources (CVE:CDA) Stock Falls 1.1% – Here’s Why

Canuc Resources Co. (CVE:CDA)’s share price dropped 1.1% during mid-day trading on Tuesday. The company traded as low as C$0.86 and last traded at C$0.86. Approximately 2,000 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 13,850 shares. The stock had previously closed at C$0.87.

Canuc Resources Stock Up 4.7%

The company’s 50-day moving average is C$0.88 and its 200 day moving average is C$0.89. The company has a market capitalization of C$25.97 million, a PE ratio of -2.07 and a beta of 0.76. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.03 and a current ratio of 8.71.

Insider Transactions at Canuc Resources

In other news, Director Christopher James Berlet bought 40,000 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was acquired at an average cost of C$0.90 per share, with a total value of C$36,000.00. Following the completion of the acquisition, the director owned 2,800,000 shares of the company’s stock, valued at approximately C$2,520,000. This represents a 1.45% increase in their ownership of the stock. Insiders have bought 95,000 shares of company stock valued at $84,900 over the last three months. 11.53% of the stock is currently owned by 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.