Cartier Resources (CVE:ECR) Stock Price Up 16.7% – What’s Next?

Cartier Resources Inc. (CVE:ECR)’s share price traded up 16.7% during mid-day trading on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. 888,594 shares traded hands during trading, an increase of 177% from the average session volume of 320,590 shares. The stock had previously closed at C$0.21.

Key Headlines Impacting Cartier Resources

Here are the key news stories impacting Cartier Resources this week:

• Neutral Sentiment: Please paste the article(s) or share links to the news items you want summarized. I’ll prioritize recent items and those most likely to affect the stock price, and return the summary in the requested HTML format.

Cartier Resources Trading Up 16.7%

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 fifty day simple moving average of C$0.21 and a 200-day simple moving average of C$0.17. The firm has a market cap of C$108.47 million, a P/E ratio of -6.13 and a beta of 1.26.

Insider Activity at Cartier Resources

In related news, insider Nancy Lacoursiere sold 292,378 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of C$0.20, for a total transaction of C$58,475.60. Following the transaction, the insider directly 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. 29.79% of the stock is currently owned by company 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.