Cartier Resources (CVE:ECR) Trading Up 19.4% – Here’s What Happened

Cartier Resources Inc. (CVE:ECR) shares shot up 19.4% during mid-day trading on Monday . The company traded as high as C$0.22 and last traded at C$0.22. 1,637,677 shares were traded during mid-day trading, an increase of 472% from the average session volume of 286,072 shares. The stock had previously closed at C$0.18.

Cartier Resources Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 4.55 and a quick ratio of 5.52. The company’s 50 day moving average is C$0.19 and its 200 day moving average is C$0.14. The stock has a market cap of C$94.88 million, a price-to-earnings ratio of -5.38 and a beta of 1.10.

Insider Activity

In other news, insider Nancy Lacoursiere sold 292,378 shares of Cartier Resources stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of C$0.20, for a total transaction of C$58,475.60. Following the completion of the sale, the insider directly owned 439,700 shares in the company, valued at approximately C$87,940. This trade represents a 39.94% decrease in their position. In the last three months, insiders have purchased 151,000 shares of company stock worth $25,290. 29.79% of the stock is currently owned by company insiders.

Cartier Resources Company Profile

Cartier Resources Inc engages in the acquisition and exploration of mining properties in Canada. The company explores for gold deposits. Its flagship project is the Chimo mine property located to the east of Val-d'Or, Quebec. The company was incorporated in 2006 and is headquartered in Val-D'or, Canada.