Cartier Resources (CVE:ECR) Trading 16.7% Higher – What’s Next?

Cartier Resources Inc. (CVE:ECR) rose 16.7% on Wednesday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 888,594 shares were traded during trading, an increase of 177% from the average daily volume of 320,590 shares. The stock had previously closed at C$0.21.

Cartier Resources Price Performance

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 company has a 50 day moving average of C$0.21 and a 200-day moving average of C$0.17. The firm has a market capitalization of C$108.47 million, a P/E ratio of -6.13 and a beta of 1.26.

Insider Activity at Cartier Resources

In other news, insider Nancy Lacoursiere sold 292,378 shares of Cartier Resources 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 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 ownership of the stock. Corporate 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.