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

Cartier Resources Inc. (CVE:ECR)’s stock price traded up 16.7% during trading on Thursday . The stock traded as high as C$0.25 and last traded at C$0.25. 888,594 shares traded hands 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 Cartier Resources News

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

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Cartier Resources Price Performance

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

Insider Transactions at Cartier Resources

In related news, insider Nancy Lacoursiere sold 292,378 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of C$0.20, for a total value of C$58,475.60. Following the transaction, the insider owned 439,700 shares in the company, valued at C$87,940. The trade was a 39.94% decrease in their position. 29.79% of the stock is currently owned by 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.