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

Shares of Cartier Resources Inc. (CVE:ECR) were up 16.7% during mid-day trading on Thursday . 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.

Key Cartier Resources News

Here are the key news stories impacting Cartier Resources this week:

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Cartier Resources Price Performance

The stock has a market cap of C$108.47 million, a P/E ratio of -6.13 and a beta of 1.26. The business has a 50 day simple moving average of C$0.21 and a 200-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.

Insider Buying and Selling

In other news, insider Nancy Lacoursiere sold 292,378 shares of the 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 transaction 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. This represents a 39.94% decrease in their position. 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.