Canuc Resources (CVE:CDA) Sets New 52-Week Low – What’s Next?

Canuc Resources Co. (CVE:CDAGet Free Report)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 171000 shares. The stock had previously closed at C$0.06.

Canuc Resources Price Performance

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 firm has a market capitalization of C$8.00 million, a price-to-earnings ratio of -5.00 and a beta of 1.50. The business’s fifty day simple moving average is C$0.06 and its 200 day simple moving average is C$0.08.

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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