Cartier Resources (CVE:ECR) Trading Up 19.4% – Should You Buy?

Cartier Resources Inc. (CVE:ECR) traded up 19.4% on Monday . The company traded as high as C$0.22 and last traded at C$0.22. 1,461,177 shares were traded during mid-day trading, an increase of 413% from the average session volume of 285,063 shares. The stock had previously closed at C$0.18.

Cartier Resources Stock Up 19.4%

The company has a market cap of C$94.88 million, a price-to-earnings ratio of -5.38 and a beta of 1.10. 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 business has a fifty day moving average of C$0.19 and a two-hundred day moving average of C$0.14.

Insiders Place Their Bets

In related news, insider Nancy Lacoursiere sold 292,378 shares of the company’s 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 owned 439,700 shares of the company’s stock, valued at approximately C$87,940. This represents a 39.94% decrease in their position. Over the last ninety days, insiders bought 151,000 shares of company stock valued at $25,290. 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.