Cartier Resources (CVE:ECR) Stock Price Up 19.4% – What’s Next?

Cartier Resources Inc. (CVE:ECR) shares rose 19.4% during mid-day trading on Tuesday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 1,658,773 shares changed hands during mid-day trading, an increase of 480% from the average daily volume of 286,177 shares. The stock had previously closed at C$0.18.

Cartier Resources Stock Performance

The company has a current ratio of 4.55, a quick ratio of 5.52 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of C$94.88 million, a price-to-earnings ratio of -5.38 and a beta of 1.10. The stock has a fifty day moving average price of C$0.19 and a 200-day moving average price of C$0.14.

Insider Transactions at Cartier Resources

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of C$0.20, for a total transaction of C$58,475.60. Following the completion of the transaction, the insider directly owned 439,700 shares in the company, valued at C$87,940. This represents a 39.94% decrease in their ownership of the stock. Insiders acquired 151,000 shares of company stock worth $25,290 in the last three months. Corporate insiders own 29.79% of the company’s stock.

About Cartier Resources

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.