Cartier Resources (CVE:ECR) Trading 15.4% Higher – Still a Buy?

Cartier Resources Inc. (CVE:ECR)’s stock price traded up 15.4% on Monday . The stock traded as high as C$0.23 and last traded at C$0.23. 464,680 shares changed hands during mid-day 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 1.3%

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

Insider Buying and Selling at Cartier Resources

In other news, insider Nancy Lacoursiere sold 292,378 shares of Cartier Resources 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 sale, the insider owned 439,700 shares of the company’s stock, valued at approximately C$87,940. The trade was a 39.94% decrease in their position. Over the last 90 days, insiders have bought 151,000 shares of company stock worth $25,290. Insiders own 29.79% of the company’s stock.

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.