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

Cartier Resources Inc. (CVE:ECR) shares were up 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 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 Trading Up 19.4%

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

Insider Buying and Selling at Cartier Resources

In other news, insider Nancy Lacoursiere sold 292,378 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of C$0.20, for a total value of C$58,475.60. Following the completion of the sale, the insider owned 439,700 shares of the company’s stock, valued at approximately C$87,940. This represents a 39.94% decrease in their ownership of the stock. Insiders bought a total of 151,000 shares of company stock valued at $25,290 over the last ninety days. Corporate insiders own 29.79% of the company’s stock.

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.