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

Cartier Resources Inc. (CVE:ECR) shares shot up 15.4% during mid-day trading on Tuesday . The company traded as high as C$0.23 and last traded at C$0.23. 464,680 shares changed 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 Up 15.4%

The business’s 50-day moving average price is C$0.20 and its 200 day moving average price is C$0.15. 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 market capitalization of C$99.29 million, a price-to-earnings ratio of -5.63 and a beta of 1.24.

Insider Activity

In related 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 transaction, the insider owned 439,700 shares in the company, valued at approximately C$87,940. The trade was a 39.94% decrease in their ownership of the stock. Insiders bought 151,000 shares of company stock worth $25,290 over the last 90 days. 29.79% of the stock is currently owned by insiders.

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.