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

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

• 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 Stock Up 16.7%

The stock’s fifty day moving average price is C$0.21 and its 200-day moving average price is C$0.17. The company has a quick ratio of 5.52, a current ratio of 4.55 and a debt-to-equity ratio of 0.22. The company has a market capitalization of C$108.47 million, a price-to-earnings ratio of -6.13 and a beta of 1.26.

Insider Transactions at Cartier Resources

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 transaction of C$58,475.60. Following the sale, the insider directly owned 439,700 shares of the company’s stock, valued at C$87,940. The trade was a 39.94% decrease in their position. Insiders own 29.79% of the company’s stock.

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.