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

Cartier Resources Inc. (CVE:ECR) shares were up 15.4% on Monday . The stock traded as high as C$0.23 and last traded at C$0.23. Approximately 302,905 shares changed hands during trading, a decline of 3% from the average daily volume of 311,368 shares. The stock had previously closed at C$0.20.

Cartier Resources Price Performance

The stock has a market capitalization of C$99.29 million, a PE ratio of -5.63 and a beta of 1.24. The stock’s 50 day moving average is C$0.20 and its two-hundred day moving average is C$0.15. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.52 and a current ratio of 4.55.

Insider Activity at Cartier Resources

In other news, insider Nancy Lacoursiere sold 292,378 shares of the firm’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 transaction, the insider directly owned 439,700 shares of the company’s stock, valued at approximately C$87,940. This trade represents a 39.94% decrease in their ownership of the stock. Insiders purchased a total of 151,000 shares of company stock worth $25,290 over the last ninety days. 29.79% of the stock is owned by corporate insiders.

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.