Cartier Resources (CVE:ECR) Shares Up 15.4% – What’s Next?

Cartier Resources Inc. (CVE:ECR)’s share price shot up 15.4% on Monday . The stock traded as high as C$0.23 and last traded at C$0.23. 464,680 shares were traded during 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 Price Performance

The stock has a market cap of C$99.29 million, a PE ratio of -5.63 and a beta of 1.24. The business has a fifty day simple moving average of C$0.20 and a two-hundred day simple moving average of C$0.15. The company has a current ratio of 4.55, a quick ratio of 5.52 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 the stock in a transaction on 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 completion of the transaction, the insider owned 439,700 shares in the company, valued at approximately C$87,940. This represents a 39.94% decrease in their ownership of the stock. Insiders acquired a total of 151,000 shares of company stock valued at $25,290 in the last ninety days. 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.