Cartier Resources (CVE:ECR) Sets New 52-Week High – What’s Next?

Shares of Cartier Resources Inc. (CVE:ECR) reached a new 52-week high on Monday . The company traded as high as C$0.27 and last traded at C$0.26, with a volume of 1295858 shares trading hands. The stock had previously closed at C$0.25.

Cartier Resources Stock Down 2.0%

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 company’s fifty day moving average price is C$0.22 and its 200-day moving average price is C$0.18. The stock has a market cap of C$110.69 million, a P/E ratio of -6.25 and a beta of 1.26.

Insider Transactions at Cartier Resources

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of C$0.20, for a total transaction of C$58,475.60. Following the completion of the transaction, the insider owned 439,700 shares in the company, valued at 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 insiders.

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.