Insider Buying: Canuc Resources (CVE:CDA) Director Buys C$26,400.00 in Stock

Canuc Resources Co. (CVE:CDA) Director Christopher James Berlet acquired 30,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was acquired at an average cost of C$0.88 per share, with a total value of C$26,400.00. Following the purchase, the director owned 2,870,000 shares of the company’s stock, valued at approximately C$2,525,600. This trade represents a 1.06% increase in their ownership of the stock.

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

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

Canuc Resources Price Performance

CVE CDA opened at C$0.87 on Friday. Canuc Resources Co. has a 12 month low of C$0.50 and a 12 month high of C$1.45. 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 market cap of C$25.39 million, a PE ratio of -2.02 and a beta of 0.76. The stock’s 50 day moving average is C$0.91 and its 200 day moving average is C$0.96.

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.