Cartier Resources (CVE:ECR) Stock Price Up 15.4% – Still a Buy?

Cartier Resources Inc. (CVE:ECR) traded up 15.4% during trading 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 50 day moving average of C$0.20 and a two-hundred day moving average of C$0.15. 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 stock has a market cap of C$99.29 million, a PE ratio of -5.63 and a beta of 1.24.

Insiders Place Their Bets

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of Cartier Resources 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 transaction of C$58,475.60. Following the transaction, the insider directly owned 439,700 shares in the company, valued at approximately C$87,940. The trade was a 39.94% decrease in their position. In the last 90 days, insiders have purchased 151,000 shares of company stock worth $25,290. Insiders own 29.79% of the company’s stock.

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.