Cartier Resources (CVE:ECR) Trading 16.7% Higher – Time to Buy?

by · The Markets Daily

Cartier Resources Inc. (CVE:ECR – Get Free Report)’s share price traded up 16.7% during mid-day trading on Thursday . The stock traded as high as C$0.25 and last traded at C$0.25. 888,594 shares were traded during trading, an increase of 177% from the average session volume of 320,590 shares. The stock had previously closed at C$0.21.

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Cartier Resources Stock Up 16.7%

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 simple moving average of C$0.21 and a two-hundred day simple moving average of C$0.17. The company has a market cap of C$108.47 million, a PE ratio of -6.13 and a beta of 1.26.

Insider Buying and Selling

In related news, insider Nancy Lacoursiere sold 292,378 shares of the firm’s 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 sale, 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. 29.79% of the stock is 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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