Cartier Resources Inc. (CVE:ECR – Get Free Report) was up 16.7% on Wednesday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 852,438 shares were traded during mid-day trading, an increase of 167% from the average daily volume of 318,711 shares. The stock had previously closed at C$0.21.
Cartier Resources Trading Up 19.0%
The business has a 50-day moving average of C$0.21 and a 200 day moving average of C$0.17. The stock has a market cap of C$110.69 million, a PE ratio of -6.25 and a beta of 1.26. 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 Activity
In related news, insider Nancy Lacoursiere sold 292,378 shares of the firm’s 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 sale, the insider 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. 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.
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