Cartier Resources (CVE:ECR) Stock Price Down 2.3% – Here’s What Happened

Cartier Resources Inc. (CVE:ECR)’s share price dropped 2.3% on Thursday . The stock traded as low as C$0.22 and last traded at C$0.22. Approximately 427,000 shares traded hands during trading, an increase of 35% from the average daily volume of 315,468 shares. The stock had previously closed at C$0.22.

Cartier Resources Stock Down 2.3%

The company has a market capitalization of C$95.19 million, a price-to-earnings ratio of -5.38 and a beta of 1.26. 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 firm has a 50 day moving average price of C$0.21 and a two-hundred day moving average price of C$0.16.

Insiders Place Their Bets

In other news, insider Nancy Lacoursiere sold 292,378 shares of the 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 transaction of C$58,475.60. Following the completion of 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 position. 29.79% of the stock is currently owned by company insiders.

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.