Cartier Resources (CVE:ECR) Trading 15.4% Higher – Should You Buy?

Cartier Resources Inc. (CVE:ECR)’s stock price traded 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. 464,680 shares were traded 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 Trading Up 1.3%

The business has a 50-day moving average of C$0.20 and a 200-day moving average of C$0.15. The company has a quick ratio of 5.52, a current ratio of 4.55 and a debt-to-equity ratio of 0.22. The stock has a market cap of C$105.03 million, a price-to-earnings ratio of -5.95 and a beta of 1.24.

Insider Activity

In related news, insider Nancy Lacoursiere sold 292,378 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 439,700 shares of the company’s stock, valued at approximately 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. 29.79% of the stock is owned by insiders.

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.