Cartier Resources (CVE:ECR) Trading Up 16.7% – Time to Buy?

Shares of Cartier Resources Inc. (CVE:ECR) were up 16.7% during mid-day trading on Thursday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 888,594 shares traded hands during trading, an increase of 177% from the average daily volume of 320,590 shares. The stock had previously closed at C$0.21.

Cartier Resources News Summary

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

• Positive Sentiment: Shares rose on heavy trading, signaling renewed buying interest and short-term momentum; volume was substantially above the company’s average which can attract momentum traders and push the stock toward recent resistance levels. Article Title
• Neutral Sentiment: The coverage is market‑action focused and does not report any company press release, new drill results, financing or corporate developments — the move appears driven by market/technical factors rather than fresh fundamentals. Investors should look for company announcements or assay/drilling updates to confirm a durable change in outlook. Article Title

Cartier Resources Price Performance

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 business’s 50-day moving average price is C$0.21 and its two-hundred day moving average price is C$0.17. The firm has a market cap of C$108.47 million, a price-to-earnings ratio of -6.13 and a beta of 1.26.

Insider Buying and Selling at Cartier Resources

In other news, insider Nancy Lacoursiere sold 292,378 shares of the business’s 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 value of C$58,475.60. Following the completion of the sale, 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. 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.