Cartier Resources (CVE:ECR) Trading 16.7% Higher – Here’s Why

Cartier Resources Inc. (CVE:ECRGet Free Report) shot up 16.7% during trading on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. 888,594 shares changed hands during mid-day trading, an increase of 177% from the average session volume of 320,590 shares. The stock had previously closed at C$0.21.

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Cartier Resources Price Performance

The company has a market capitalization of C$108.47 million, a PE ratio of -6.13 and a beta of 1.26. 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 50 day moving average price of C$0.21 and a two-hundred day moving average price of C$0.17.

Insider Transactions at Cartier Resources

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 value of C$58,475.60. Following the completion of the sale, the insider directly 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 owned by company insiders.

Cartier Resources Company Profile

(Get Free Report)

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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