Cartier Resources (CVE:ECR) Shares Up 19.4% – Time to Buy?

Cartier Resources Inc. (CVE:ECR) was up 19.4% during trading on Monday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 1,658,773 shares were traded during trading, an increase of 480% from the average daily volume of 286,177 shares. The stock had previously closed at C$0.18.

Cartier Resources Stock Up 19.4%

The firm has a 50-day moving average of C$0.19 and a 200 day moving average of C$0.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.55 and a quick ratio of 5.52. The stock has a market capitalization of C$94.88 million, a price-to-earnings ratio of -5.38 and a beta of 1.10.

Insider Buying and Selling

In related 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 of the company’s stock, valued at approximately C$87,940. This represents a 39.94% decrease in their ownership of the stock. Insiders purchased 151,000 shares of company stock worth $25,290 over the last ninety days. Corporate 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.