Cartier Resources Inc. (CVE:ECR – Get Free Report) shares rose 16.7% during mid-day trading on Wednesday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 888,594 shares changed hands during mid-day trading, an increase of 177% from the average daily volume of 320,590 shares. The stock had previously closed at C$0.21.
Cartier Resources Price Performance
The company has a 50-day moving average of C$0.21 and a 200 day moving average of C$0.17. 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 firm has a market cap of C$108.47 million, a P/E ratio of -6.13 and a beta of 1.26.
Insider Activity at Cartier Resources
In other news, insider Nancy Lacoursiere sold 292,378 shares of the business’s stock in a transaction 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 sale, the insider owned 439,700 shares in the company, valued at approximately C$87,940. The trade was a 39.94% decrease in their position. Corporate insiders own 29.79% of the company’s stock.
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.
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