Canuc Resources (CVE:CDA) Sets New 12-Month High – Still a Buy?

Canuc Resources Co. (CVE:CDA) shares reached a new 52-week high on Thursday . The stock traded as high as C$1.35 and last traded at C$1.27, with a volume of 45766 shares traded. The stock had previously closed at C$1.20.

Canuc Resources Stock Performance

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 business has a 50 day moving average of C$1.18 and a 200 day moving average of C$0.89. The company has a market capitalization of C$36.89 million, a P/E ratio of -43.33 and a beta of 1.72.

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.