Cartier Resources (CVE:ECR) Trading Up 15.4% – What’s Next?

Cartier Resources Inc. (CVE:ECR)’s stock price shot up 15.4% on Tuesday . The stock 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 Trading Down 1.3%

The firm has a market capitalization of C$103.71 million, a P/E ratio of -5.88 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 business has a 50-day moving average price of C$0.20 and a 200-day moving average price of C$0.15.

Insider Transactions at Cartier Resources

In other news, insider Nancy Lacoursiere sold 292,378 shares of the 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 completion of the transaction, the insider owned 439,700 shares in the company, valued at approximately C$87,940. This represents a 39.94% decrease in their position. Over the last 90 days, insiders have acquired 151,000 shares of company stock valued at $25,290. 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.