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

Cartier Resources Inc. (CVE:ECR) shot 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 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 Headlines Impacting Cartier Resources

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

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Cartier Resources Trading Up 16.7%

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 business has a 50 day moving average price of C$0.21 and a 200-day moving average price of C$0.17. The company has a market cap of C$108.47 million, a P/E ratio of -6.13 and a beta of 1.26.

Insider Buying and Selling

In other 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. The trade was a 39.94% decrease in their position. 29.79% of the stock is currently owned by corporate insiders.

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.