Cartier Resources (CVE:ECR) Trading Up 15.4% – Here’s What Happened

Cartier Resources Inc. (CVE:ECR) shares traded up 15.4% on Tuesday . The stock traded as high as C$0.23 and last traded at C$0.23. 464,680 shares changed hands 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 Stock Up 15.4%

The stock has a fifty day moving average of C$0.20 and a 200-day moving average of C$0.15. The firm has a market capitalization of C$99.29 million, a price-to-earnings ratio of -5.63 and a beta of 1.24. The company has a current ratio of 4.55, a quick ratio of 5.52 and a debt-to-equity ratio of 0.22.

Insiders Place Their Bets

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of the business’s stock in a transaction dated 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 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. Over the last 90 days, insiders bought 151,000 shares of company stock valued at $25,290. Company 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.