Cartier Resources (CVE:ECR) Shares Down 2.3% – Here’s Why

by · The Markets Daily

Cartier Resources Inc. (CVE:ECR – Get Free Report) was down 2.3% during mid-day trading on Thursday . The stock traded as low as C$0.22 and last traded at C$0.22. Approximately 427,000 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 315,468 shares. The stock had previously closed at C$0.22.

Cartier Resources Stock Performance

The firm has a market capitalization of C$97.41 million, a P/E ratio of -5.50 and a beta of 1.26. 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 50-day moving average price of C$0.21 and a two-hundred day moving average price of C$0.17.

Insider Transactions at Cartier Resources

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of Cartier Resources 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 completion of the sale, the insider directly owned 439,700 shares of the company’s stock, valued at C$87,940. The trade was a 39.94% decrease in their position. 29.79% of the stock is currently owned by company insiders.

About Cartier Resources

(Get Free Report)

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.

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