Cartier Resources (CVE:ECR) Trading Up 15.4% – Here’s What Happened

Cartier Resources Inc. (CVE:ECR)’s stock price shot up 15.4% during trading on Monday . The stock traded as high as C$0.23 and last traded at C$0.23. 245,905 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 310,283 shares. The stock had previously closed at C$0.20.

Cartier Resources Stock Performance

The firm has a market cap of C$101.50 million, a price-to-earnings ratio of -5.75 and a beta of 1.24. 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 moving average of C$0.20 and a 200 day moving average of C$0.15.

Insider Activity at Cartier Resources

In other news, insider Nancy Lacoursiere sold 292,378 shares of the firm’s 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 owned 439,700 shares of the company’s stock, valued at approximately C$87,940. This trade represents a 39.94% decrease in their ownership of the stock. In the last three months, insiders purchased 151,000 shares of company stock worth $25,290. 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.