Shares of Cartier Resources Inc. (CVE:ECR – Get Free Report) traded up 16.7% during mid-day trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. 888,594 shares were traded during mid-day trading, an increase of 177% from the average session volume of 320,590 shares. The stock had previously closed at C$0.21.
Cartier Resources Price Performance
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 stock has a market capitalization of C$108.47 million, a P/E ratio of -6.13 and a beta of 1.26. The stock’s fifty 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 related news, insider Nancy Lacoursiere sold 292,378 shares of the business’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 completion of the sale, the insider directly owned 439,700 shares in the company, valued at approximately C$87,940. The trade was a 39.94% decrease in their position. Insiders own 29.79% of the company’s stock.
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.
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