Cartier Resources (CVE:ECR) Trading Up 15.4% – Time to Buy?

Cartier Resources Inc. (CVE:ECR)’s share price shot up 15.4% during mid-day trading on Monday . The company traded as high as C$0.23 and last traded at C$0.23. 302,905 shares traded hands during trading, a decline of 3% from the average session volume of 311,368 shares. The stock had previously closed at C$0.20.

Cartier Resources Price Performance

The stock’s 50-day moving average price is C$0.20 and its 200 day moving average price is C$0.15. The firm has a market capitalization of C$103.71 million, a price-to-earnings ratio of -5.88 and a beta of 1.24. The company has a quick ratio of 5.52, a current ratio of 4.55 and a debt-to-equity ratio of 0.22.

Insider Buying and Selling

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of the firm’s stock in a transaction that occurred 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 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. In the last three months, insiders have bought 151,000 shares of company stock valued at $25,290. 29.79% of the stock is currently owned by corporate 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.