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

Canuc Resources Co. (CVE:CDA) shares fell 3.2% during trading on Thursday . The stock traded as low as C$0.91 and last traded at C$0.92. Approximately 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 Down 3.2%

The firm has a market cap of C$26.18 million, a P/E ratio of -2.14 and a beta of 0.61. The business’s 50-day moving average is C$0.89 and its two-hundred day 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.

Insider Buying and Selling

In other Canuc Resources news, Director Christopher James Berlet acquired 30,000 shares of Canuc Resources stock in a transaction dated Monday, August 17th. The stock was 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 directly owned 2,870,000 shares in the company, valued at approximately C$2,525,600. This represents a 1.06% increase in their position. Over the last quarter, insiders have bought 140,000 shares of company stock worth $129,000. Insiders own 11.53% of the company’s stock.

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.