Canaco Resources Inc

Gold & Diamonds Exploration & discovery in Tanzania & Mexico

Insider chart has about $850k of sell in the last 12 months but consider that insiders own about 50% of the company, that is peanuts. We seem to have leveled off. The Junior gold index is oversold as well so CAN being dragged down with everyone. When you consider that they have 80 cents per share in cash and 10 drills turning and no real bad news except the heavy tax loss selling putting us in oversold territory, this one should get quite the bounce...at some point.

Glorieux

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glorieux
City
Welland
Rank
President
Activity Points
44835
Rating
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Date Joined
10/23/2007
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Canaco Resources Inc
Symbol
CAN
Exchange
TSX-V
Shares
186,799,203 FD Feb.1, 2011
Industry
Metals & Minerals
Website
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