Canuc Resources (CVE:CDA) Stock Price Down 6.4% – Here’s What Happened

Canuc Resources Co. (CVE:CDA)’s share price fell 6.4% during trading on Friday . The stock traded as low as C$0.86 and last traded at C$1.03. 6,958 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 13,848 shares. The stock had previously closed at C$1.10.

Canuc Resources Stock Down 6.4%

The company has a debt-to-equity ratio of 4.03, a current ratio of 8.71 and a quick ratio of 1.03. The stock has a market capitalization of C$30.05 million, a P/E ratio of -2.40 and a beta of 1.30. The firm has a 50-day simple moving average of C$0.90 and a 200 day simple moving average of C$1.03.

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.