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

Cartier Resources Inc. (CVE:ECR) shares were up 15.4% during mid-day trading on Tuesday . The stock traded as high as C$0.23 and last traded at C$0.23. Approximately 464,680 shares traded hands during mid-day trading, an increase of 49% from the average daily volume of 312,131 shares. The stock had previously closed at C$0.20.

Cartier Resources Stock Up 15.4%

The stock has a market capitalization of C$99.29 million, a P/E 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. The stock’s 50 day simple moving average is C$0.20 and its 200 day simple moving average is C$0.15.

Insider Activity at Cartier Resources

In related news, insider Nancy Lacoursiere sold 292,378 shares of Cartier Resources stock in a transaction dated 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 directly owned 439,700 shares in the company, valued at approximately C$87,940. This trade represents a 39.94% decrease in their ownership of the stock. Insiders have bought a total of 151,000 shares of company stock worth $25,290 over the last quarter. Company 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.