Cartier Resources (CVE:ECR) Trading 15.4% Higher – Time to Buy?

Cartier Resources Inc. (CVE:ECR) shares shot up 15.4% on Monday . The company traded as high as C$0.23 and last traded at C$0.23. 464,680 shares changed hands 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 Stock Up 15.4%

The business’s 50 day moving average price is C$0.20 and its 200-day moving average price 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. The firm has a market capitalization of C$99.29 million, a PE ratio of -5.63 and a beta of 1.24.

Insider Transactions at Cartier Resources

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of C$0.20, for a total transaction of C$58,475.60. Following the transaction, the insider directly owned 439,700 shares in the company, valued at C$87,940. This represents a 39.94% decrease in their ownership of the stock. Insiders purchased a total of 151,000 shares of company stock valued at $25,290 over the last 90 days. 29.79% of the stock is owned by 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.