Cartier Resources (CVE:ECR) Trading Up 15.4% – Here’s What Happened

Cartier Resources Inc. (CVE:ECR) was up 15.4% during trading on Monday . The company traded as high as C$0.23 and last traded at C$0.23. Approximately 464,680 shares traded hands during trading, an increase of 49% from the average daily volume of 312,131 shares. The stock had previously closed at C$0.20.

Cartier Resources Stock Up 1.3%

The stock’s fifty day moving average is C$0.20 and its two-hundred day moving average is C$0.15. The company has a current ratio of 4.55, a quick ratio of 5.52 and a debt-to-equity ratio of 0.22. The company has a market capitalization of C$105.03 million, a PE ratio of -5.95 and a beta of 1.24.

Insiders Place Their Bets

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of the business’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 in the company, valued at C$87,940. The trade was a 39.94% decrease in their ownership of the stock. Insiders have bought 151,000 shares of company stock valued at $25,290 in 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.