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

Shares of Cartier Resources Inc. (CVE:ECR) shot up 19.4% during mid-day trading on Monday . The stock traded as high as C$0.22 and last traded at C$0.22. 1,658,773 shares were traded during mid-day trading, an increase of 480% from the average session volume of 286,072 shares. The stock had previously closed at C$0.18.

Cartier Resources Trading Up 19.4%

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. The company has a fifty day moving average price of C$0.19 and a 200-day moving average price of C$0.14. The company has a current ratio of 4.55, a quick ratio of 5.52 and a debt-to-equity ratio of 0.22.

Insider Activity

In other news, insider Nancy Lacoursiere sold 292,378 shares of the business’s 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 transaction, the insider owned 439,700 shares of the company’s stock, valued at C$87,940. The trade was a 39.94% decrease in their position. Over the last ninety days, insiders bought 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.