Cartier Resources (CVE:ECR) Shares Up 15.4% – Here’s What Happened

Shares of Cartier Resources Inc. (CVE:ECR) were up 15.4% during mid-day trading on Tuesday . The stock 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 Trading Up 15.4%

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. The business’s fifty day moving average is C$0.20 and its 200 day moving average is C$0.15. 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 Transactions at Cartier Resources

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of Cartier Resources 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 sale, the insider 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 bought 151,000 shares of company stock worth $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.