Cartier Resources (CVE:ECR) Hits New 52-Week High - Still a Buy?

Key Points

• Cartier Resources Inc. shares reached a new 52-week high of C$0.23 with a trading volume of 294,247 shares, marking a 9.5% increase from the previous closing price of C$0.21.
• The company's market capitalization stands at C$101.50 million, with a P/E ratio of -5.75 and a manageable debt-to-equity ratio of 0.22.
• Insider trading activity shows significant selling by Nancy Lacoursiere, who sold 292,378 shares, resulting in a 39.94% decrease in her ownership, although insiders have also acquired 151,000 shares recently.

Cartier Resources Inc. (CVE:ECR - ) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$0.23 and last traded at C$0.23, with a volume of 294247 shares trading hands. The stock had previously closed at C$0.21.

Cartier Resources Trading Up 9.5%

The firm has a market cap of C$101.50 million, a P/E ratio of -5.75 and a beta of 1.10. 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 50 day moving average of C$0.16 and a 200 day moving average of C$0.13.

Insider Buying and Selling

In related news, insider Nancy Lacoursiere sold 292,378 shares of the stock in a transaction on Thursday, October 2nd. The stock was 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 of the company's stock, valued at C$87,940. This represents a 39.94% decrease in their ownership of the stock. Insiders acquired a total of 151,000 shares of company stock valued at $25,290 over the last quarter. 29.79% of the stock is 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.

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