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

Cartier Resources Inc. (CVE:ECR)’s share price was up 19.4% during trading on Tuesday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 1,658,773 shares traded 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 Price Performance

The firm has a market capitalization of C$92.67 million, a P/E ratio of -5.25 and a beta of 1.24. 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 stock’s fifty day simple moving average is C$0.19 and its 200 day simple moving average is C$0.14.

Insider Buying and Selling

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of C$0.20, for a total value of C$58,475.60. Following the completion of the transaction, the insider directly owned 439,700 shares in the company, valued at approximately C$87,940. The trade was a 39.94% decrease in their ownership of the stock. Insiders have bought 151,000 shares of company stock valued at $25,290 in the last ninety days. 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.