Cartier Resources (CVE:ECR) Trading 15.4% Higher – Here’s Why

Cartier Resources Inc. (CVE:ECR)’s share price was up 15.4% during trading on Monday . The company traded as high as C$0.23 and last traded at C$0.23. Approximately 464,680 shares were traded during trading, an increase of 49% from the average daily volume of 312,131 shares. The stock had previously closed at C$0.20.

Cartier Resources Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.52 and a current ratio of 4.55. The firm has a market cap of C$105.03 million, a PE ratio of -5.95 and a beta of 1.24. The firm has a fifty day simple moving average of C$0.20 and a two-hundred day simple moving average of C$0.15.

Insider Buying and Selling

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of Cartier Resources 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 directly owned 439,700 shares of the company’s stock, valued at C$87,940. This trade represents a 39.94% decrease in their position. Insiders have acquired a total of 151,000 shares of company stock worth $25,290 in the last three months. 29.79% of the stock is 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.