Canuc Resources (CVE:CDA) Trading 29.4% Higher – What’s Next?

Canuc Resources Co. (CVE:CDAGet Free Report)’s stock price rose 29.4% on Friday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 90,000 shares were traded during trading, an increase of 24% from the average daily volume of 72,477 shares. The stock had previously closed at C$0.09.

Canuc Resources Price Performance

The company has a quick ratio of 1.03, a current ratio of 8.71 and a debt-to-equity ratio of 4.03. The firm’s fifty day moving average price is C$0.07 and its 200-day moving average price is C$0.07. The stock has a market cap of C$17.60 million, a P/E ratio of -11.00 and a beta of 1.50.

About Canuc Resources

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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.

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