Cartier Resources (CVE:ECR) Shares Up 16.7% – Here’s What Happened

Cartier Resources Inc. (CVE:ECRGet Free Report) shares shot up 16.7% on Thursday . The stock 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.

Key Stores Impacting Cartier Resources

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Cartier Resources Price Performance

The firm has a market cap of C$108.47 million, a PE ratio of -6.13 and a beta of 1.26. The stock has a 50 day simple moving average of C$0.21 and a two-hundred day simple moving average of C$0.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.52 and a current ratio of 4.55.

Insiders Place Their Bets

In related news, insider Nancy Lacoursiere sold 292,378 shares of Cartier Resources 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 trade represents a 39.94% decrease in their ownership of the stock. Corporate insiders own 29.79% of the company’s stock.

Cartier Resources Company Profile

(Get Free Report)

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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