Cartier Resources (CVE:ECR) Sets New 1-Year High – Time to Buy?
by Michael Walen · The Markets DailyCartier Resources Inc. (CVE:ECR – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.27 and last traded at C$0.26, with a volume of 1295858 shares traded. The stock had previously closed at C$0.25.
Cartier Resources Stock Up 4.1%
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 company has a market capitalization of C$112.90 million, a PE ratio of -6.38 and a beta of 1.26. The business’s 50 day simple moving average is C$0.21 and its 200 day simple moving average is C$0.17.
Insider Activity at Cartier Resources
In related news, insider Nancy Lacoursiere sold 292,378 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was 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 approximately C$87,940. This represents a 39.94% decrease in their ownership of the stock. 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.