Canuc Resources (CVE:CDA) Trading Down 6.4% – Time to Sell?

Canuc Resources Co. (CVE:CDA)’s share price was down 6.4% on Friday . The company traded as low as C$0.86 and last traded at C$1.03. Approximately 6,958 shares were traded during trading, a decline of 50% from the average daily volume of 13,848 shares. The stock had previously closed at C$1.10.

Canuc Resources Trading Down 6.4%

The stock has a market cap of C$30.05 million, a PE ratio of -2.40 and a beta of 1.30. The stock has a 50-day moving average price of C$0.90 and a two-hundred day moving average price of C$1.03. The company has a debt-to-equity ratio of 4.03, a current ratio of 8.71 and a quick ratio of 1.03.

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.