Cartier Resources (CVE:ECR) Trading Up 15.4% – Still a Buy?

Cartier Resources Inc. (CVE:ECR) traded up 15.4% on Tuesday . The company traded as high as C$0.23 and last traded at C$0.23. 464,680 shares traded hands during trading, an increase of 49% from the average session volume of 312,131 shares. The stock had previously closed at C$0.20.

Cartier Resources Stock Up 1.3%

The firm has a fifty day simple moving average of C$0.20 and a 200-day simple moving average of C$0.15. The company has a market capitalization of C$105.03 million, a PE ratio of -5.95 and a beta of 1.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.52 and a current ratio of 4.55.

Insider Activity

In related news, insider Nancy Lacoursiere sold 292,378 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 439,700 shares of the company’s stock, valued at C$87,940. This represents a 39.94% decrease in their ownership of the stock. Insiders have acquired a total of 151,000 shares of company stock valued at $25,290 in the last three months. 29.79% of the stock is currently owned by insiders.

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.