Canuc Resources (CVE:CDA) Stock Price Down 12% – Should You Sell?

Canuc Resources Co. (CVE:CDA) shares were down 12% during trading on Monday . The stock traded as low as C$0.87 and last traded at C$0.88. Approximately 29,010 shares traded hands during mid-day trading, an increase of 95% from the average daily volume of 14,882 shares. The stock had previously closed at C$1.00.

Canuc Resources Stock Down 5.0%

The company has a current ratio of 8.71, a quick ratio of 1.03 and a debt-to-equity ratio of 4.03. The stock has a 50-day simple moving average of C$1.20 and a 200-day simple moving average of C$0.97. The company has a market cap of C$27.03 million, a price-to-earnings ratio of -3.17 and a beta of 0.67.

About Canuc Resources

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.