Cartier Resources (CVE:ECR) Trading 19.4% Higher – What’s Next?

Shares of 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. 1,658,773 shares traded hands during trading, an increase of 480% from the average session 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 cap of C$94.88 million, a price-to-earnings ratio of -5.38 and a beta of 1.10. The business’s 50-day moving average price is C$0.19 and its two-hundred day moving average price is C$0.14.

Insider Activity

In other news, insider Nancy Lacoursiere sold 292,378 shares of the company’s stock in a transaction dated 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 sale, the insider owned 439,700 shares in the company, valued at approximately C$87,940. This represents a 39.94% decrease in their position. In the last quarter, insiders have 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.