Insider Buying: Canuc Resources (CVE:CDA) Director Buys 40,000 Shares

Canuc Resources Co. (CVE:CDA) Director Christopher James Berlet bought 40,000 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was bought at an average cost of C$0.90 per share, for a total transaction of C$36,000.00. Following the purchase, the director directly owned 2,800,000 shares of the company’s stock, valued at approximately C$2,520,000. This trade represents a 1.45% increase in their position.

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

• On Wednesday, July 15th, Christopher James Berlet purchased 30,000 shares of Canuc Resources stock. The stock was bought at an average cost of C$0.90 per share, with a total value of C$27,000.00.
• On Friday, June 26th, Christopher James Berlet purchased 40,000 shares of Canuc Resources stock. The stock was purchased at an average price of C$0.99 per share, for a total transaction of C$39,600.00.
• On Monday, May 11th, Christopher James Berlet acquired 5,190 shares of Canuc Resources stock. The shares were purchased at an average cost of C$0.82 per share, for a total transaction of C$4,255.80.
• On Monday, May 11th, Christopher James Berlet acquired 5,000 shares of Canuc Resources stock. The shares were purchased at an average price of C$0.88 per share, with a total value of C$4,400.00.

Canuc Resources Stock Performance

CVE:CDA remained flat at C$0.90 during trading hours on Friday. 17,921 shares of the company’s stock traded hands, compared to its average volume of 13,381. Canuc Resources Co. has a 1 year low of C$0.40 and a 1 year high of C$1.45. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.03 and a current ratio of 8.71. The stock has a market cap of C$26.26 million, a P/E ratio of -2.09 and a beta of 0.77. The firm has a 50 day moving average price of C$0.94 and a 200 day moving average price of C$1.00.

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.