Cartier Resources (CVE:ECR) Trading Up 16.7% – Still a Buy?

Shares of Cartier Resources Inc. (CVE:ECR) traded up 16.7% on Wednesday . The company 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.

Cartier Resources Stock Up 16.7%

The stock has a 50 day moving average price of C$0.21 and a 200 day moving average price of C$0.17. The company has a quick ratio of 5.52, a current ratio of 4.55 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of C$108.47 million, a price-to-earnings ratio of -6.13 and a beta of 1.26.

Insider Activity

In other news, insider Nancy Lacoursiere sold 292,378 shares of Cartier Resources stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of C$0.20, for a total transaction of C$58,475.60. Following the transaction, the insider 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. 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.