Canuc Resources (CVE:CDA) Reaches New 12-Month High – Time to Buy?

Canuc Resources Co. (CVE:CDA)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$0.15 and last traded at C$0.14, with a volume of 420056 shares. The stock had previously closed at C$0.13.

Canuc Resources Trading Up 11.5%

The firm’s fifty day simple moving average is C$0.11 and its 200-day simple moving average is C$0.08. 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$38.54 million, a P/E ratio of -4.83 and a beta of 1.56.

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.