Cartier Resources Inc. (CVE:ECR – Get Free Report)’s share price rose 16.7% on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 888,594 shares were traded during mid-day 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 Stock Performance
The stock’s 50-day simple moving average is C$0.21 and its 200-day simple moving average is C$0.17. The stock has a market cap of C$108.47 million, a price-to-earnings ratio of -6.13 and a beta of 1.26. The company has a current ratio of 4.55, a quick ratio of 5.52 and a debt-to-equity ratio of 0.22.
Insiders Place Their Bets
In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of Cartier Resources stock in a transaction 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 transaction, the insider directly owned 439,700 shares of the company’s stock, valued at C$87,940. The trade was a 39.94% decrease in their position. 29.79% of the stock is owned by corporate insiders.
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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