Insider Buying: Canuc Resources (CVE:CDA) Director Buys 25,000 Shares of Stock

Canuc Resources Co. (CVE:CDA) Director Christopher James Berlet purchased 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The stock was purchased at an average price of C$0.90 per share, with a total value of C$22,500.00. Following the purchase, the director directly owned 2,950,000 shares of the company’s stock, valued at C$2,655,000. The trade was a 0.85% increase in their ownership of the stock.

Christopher James Berlet also recently made the following trade(s):

• On Monday, August 17th, Christopher James Berlet acquired 30,000 shares of Canuc Resources stock. The stock was purchased at an average price of C$0.88 per share, for a total transaction of C$26,400.00.
• On Wednesday, July 29th, Christopher James Berlet acquired 40,000 shares of Canuc Resources stock. The stock was acquired at an average price of C$0.90 per share, for a total transaction of C$36,000.00.
• On Wednesday, July 15th, Christopher James Berlet purchased 30,000 shares of Canuc Resources stock. The stock was bought at an average price of C$0.90 per share, for a total transaction of C$27,000.00.
• On Friday, June 26th, Christopher James Berlet acquired 40,000 shares of Canuc Resources stock. The shares were bought at an average cost of C$0.99 per share, for a total transaction of C$39,600.00.

Canuc Resources Price Performance

Shares of CVE:CDA remained flat at C$0.87 during trading on Friday. 5,023 shares of the stock traded hands, compared to its average volume of 14,548. The company has a 50-day moving average of C$0.88 and a 200 day moving average of C$0.91. Canuc Resources Co. has a twelve month low of C$0.60 and a twelve month high of C$1.45. 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 stock has a market capitalization of C$25.39 million, a PE ratio of -2.02 and a beta of 0.61.

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.