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

Canuc Resources Co. (CVE:CDA) hit a new 52-week low on Friday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 7016 shares. The stock had previously closed at C$0.06.

Canuc Resources Trading Down 9.1 %

The stock has a market capitalization of C$8.00 million, a PE ratio of -5.00 and a beta of 1.50. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.03 and a current ratio of 8.71. The business’s 50-day moving average is C$0.07 and its two-hundred day moving average is C$0.08.

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.