Cartier Resources (CVE:ECR) Trading Up 10.3% - What's Next?

Key Points

• Cartier Resources Inc. saw its share price increase by **10.3%**, reaching C$0.22 during trading, with a significant trading volume rise of **176%** compared to its average daily volume.
• The company's current market capitalization is **C$94.88 million**, with a **P/E ratio of -5.38** and a solid current ratio of **4.55** indicating strong liquidity.
• Insider Nancy Lacoursiere sold **292,378 shares** at C$0.20, resulting in a nearly **40% decrease** in her ownership, while insiders have collectively purchased **128,000 shares** in recent months.

Cartier Resources Inc. (CVE:ECR - )'s share price was up 10.3% during trading on Friday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 690,350 shares changed hands during mid-day trading, an increase of 176% from the average daily volume of 249,911 shares. The stock had previously closed at C$0.20.

Cartier Resources Price Performance

The firm has a market capitalization of C$94.88 million, a P/E ratio of -5.38 and a beta of 1.20. 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's fifty day simple moving average is C$0.16 and its 200 day simple moving average is C$0.13.

Insider Buying and Selling

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of the business'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 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 ownership of the stock. Insiders have bought 128,000 shares of company stock valued at $20,230 in the last ninety days. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.