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

Cartier Resources Inc. (CVE:ECR)’s stock price was up 19.4% during trading on Monday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 1,658,773 shares changed hands during 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 company has a market capitalization of C$94.88 million, a price-to-earnings ratio of -5.38 and a beta of 1.10. The company has a quick ratio of 5.52, a current ratio of 4.55 and a debt-to-equity ratio of 0.22. The company has a 50 day simple moving average of C$0.19 and a 200 day simple moving average of C$0.14.

Insider Buying and Selling

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of the company’s stock in a transaction dated 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 sale, 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 bought 151,000 shares of company stock worth $25,290 in the last ninety days. 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.