Cartier Resources (CVE:ECR) Trading Up 7.1% – Time to Buy?
by Danessa Lincoln · The Markets DailyCartier Resources Inc. (CVE:ECR – Get Free Report) shot up 7.1% on Wednesday . The company traded as high as C$0.23 and last traded at C$0.23. 269,630 shares were traded during trading, a decline of 15% from the average session volume of 317,139 shares. The stock had previously closed at C$0.21.
Cartier Resources Stock Up 19.0%
The stock has a market cap of C$110.69 million, a P/E ratio of -6.25 and a beta of 1.26. 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 stock’s 50-day moving average is C$0.21 and its 200-day moving average is C$0.17.
Insider Buying and Selling at Cartier Resources
In other news, insider Nancy Lacoursiere sold 292,378 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 439,700 shares in the company, valued at C$87,940. This trade represents a 39.94% decrease in their ownership of the stock. Corporate insiders own 29.79% of the company’s stock.
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.