Canaco Resources Inc. (CAN)

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Canaco Resources Inc. (CVE:CAN) (PINK:CANWF) Stock Records Bullish Momentum June 20, 2012

Canaco Resources Inc. ( CVE:CAN ) (PINK:CANWF) stock price action has shown a bullish momentum over the last trading session and it seems the stock might be spurting further into higher grounds. CAN share price gained 5.7% on Tuesday under a trading volume of 1.8 million, which was in line with the average turnover. Still, as the price continues to slide higher little by little it starts to get under stock screeners and the potential for larger moves forms more quickly. The more

Canaco Resources Inc. (CVE:CAN) (PINK:CANWF) Stays Oversold May 17, 2012

Canaco Resources Inc. ( CVE:CAN ) (PINK:CANWF) share price regained some ground on Wednesday in what seems to be a temporary consolidation period. CAN tanked 60.3% on Tuesday under a humongous trading volume and some interest still remains. Wednesday's session pulled in 4.7 million in volume while the average is only 1.4 million. The selloff was a reaction to the company's latest report declaring mineral resource estimates for the Magambazi area the Handeni project in Tanzania. At more

Canaco Resources Inc. (CVE:CAN) (PINK:CANWF) Tries to Hang On to the Slipping... September 14, 2011

Canaco Resources Inc. ( CVE:CAN ) (PINK:CANWF) traced slightly lower over the last trading session despite still heavy interest from traders that helped the stock propel up on Monday. The stock struggles to hold the inflated stock price but retained a significant trading volume over Tuesday's trading session. 1 million shares traded were more than twice the daily average turnover of 490 thousand. The stock had gapped up 7.9% on Monday as traders reacted to an update on more

Canaco Resources Inc. (CVE:CAN), (PINK:CANWF) Trying to Reach the Old Glory? May 26, 2011

The shares of Canaco Resources Inc. ( CVE:CAN ), (PINK:CANWF) seem to have put an end to their three-month fall on the TSX Venture Exchange. The last three sessions they are going steadily up, trying to regain the old glory. The stock is still very far from the 52-week high of $6.45 set in mid-February, though. We shall see if CAN will manage to form an uptrend, or another decline will start. For now, the mood is positive - buyers seem to be in control of the market. Within a week, more

Canaco Resources Inc. (CVE:CAN), (PINK:CANWF) Stock Expects The Arbitrated... October 19, 2010

Yesterday, the trading of Canaco Resources Inc. ( CVE:CAN ), (PINK:CANWF) stock was halted on the company's request. The shares' trading was stopped for a while, after the share price has been swaying upwards for almost a year. This time, the reason were not the pending drilling results from the company's Magambazi gold discovery. In the middle of last October, CAN was traded for the last time in the range below half a dollar. For this period of time, the rapid development of the more