Canuc Resources (CVE:CDA) Shares Up 2.5% – Still a Buy?

Canuc Resources Co. (CVE:CDA)’s stock price shot up 2.5% during trading on Wednesday . The stock traded as high as C$0.82 and last traded at C$0.82. 9,549 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 13,543 shares. The stock had previously closed at C$0.80.

Canuc Resources Stock Up 3.7%

The stock has a market cap of C$24.32 million, a PE ratio of -2.83 and a beta of 1.26. The firm has a fifty day moving average of C$0.95 and a 200 day moving average of C$1.01. The company has a quick ratio of 1.03, a current ratio of 8.71 and a debt-to-equity ratio of 4.03.

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.