Cartier Resources (CVE:ECR) Trading 19.4% Higher – Here’s What Happened

Cartier Resources Inc. (CVE:ECR) shares were up 19.4% during trading on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 1,658,773 shares were traded during trading, an increase of 480% from the average daily volume of 286,177 shares. The stock had previously closed at C$0.18.

Cartier Resources Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 4.55 and a quick ratio of 5.52. The firm has a market capitalization of C$94.88 million, a price-to-earnings ratio of -5.38 and a beta of 1.10. The stock has a 50 day moving average price of C$0.19 and a two-hundred day moving average price of C$0.14.

Insider Buying and Selling

In other Cartier Resources 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 of the company’s stock, valued at C$87,940. The trade was a 39.94% decrease in their position. In the last three months, insiders bought 151,000 shares of company stock worth $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.