Cartier Resources (CVE:ECR) Reaches New 12-Month High – Still a Buy?

Cartier Resources Inc. (CVE:ECR)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.24 and last traded at C$0.24, with a volume of 94500 shares traded. The stock had previously closed at C$0.24.

Cartier Resources Price Performance

The company has a market cap of C$103.71 million, a price-to-earnings ratio of -5.88 and a beta of 1.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.55 and a quick ratio of 5.52. The firm has a 50-day moving average price of C$0.20 and a 200 day moving average price of C$0.15.

Insiders Place Their Bets

In other news, insider Nancy Lacoursiere sold 292,378 shares of Cartier Resources stock in a transaction on 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 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 quarter, insiders acquired 151,000 shares of company stock worth $25,290. 29.79% of the stock is owned by company 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.