Cartier Resources (CVE:ECR) Shares Up 16.7% – Still a Buy?

Cartier Resources Inc. (CVE:ECR) shares traded up 16.7% 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.

Trending Headlines about Cartier Resources

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

• Positive Sentiment: Price momentum and volume surge — the stock reached its 12?month high on volume well above average, which often attracts momentum traders and short?covering. This is a likely contributor to the intraday rise.
• Positive Sentiment: Technical trend is bullish — the 50?day moving average is above the 200?day moving average and recent price sits above both MAs, supporting continuation of the short?term uptrend for technical buyers.
• Neutral Sentiment: Solid short?term liquidity — current and quick ratios (4.55 and 5.52) indicate the company can meet near?term obligations, reducing immediate balance?sheet risk but not resolving longer?term funding or profitability needs.
• Neutral Sentiment: Market profile and volatility — small?cap, sub?C$1 stock with a beta ~1.26; that profile implies higher volatility and sensitivity to news or sector moves, making short?term swings common.
• Negative Sentiment: Unprofitable operations — negative P/E reflects ongoing losses; until the company demonstrates a path to sustained revenue or cost control, valuation remains speculative and risk premia stay high.
• Negative Sentiment: Potential capital needs and dilution risk — small exploration/resource issuers frequently raise equity to fund programs; absence of a clear funding update raises the risk of future dilution (watch recent filings for financings).

Cartier Resources Price Performance

The company’s 50-day simple moving average is C$0.21 and its 200 day simple moving average is C$0.17. The company has a market cap of C$108.47 million, a PE ratio of -6.13 and a beta of 1.26. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.52 and a current ratio of 4.55.

Insider Transactions at Cartier Resources

In related news, insider Nancy Lacoursiere sold 292,378 shares of Cartier Resources stock in a transaction that occurred on 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 owned 439,700 shares in the company, valued at C$87,940. The trade was a 39.94% decrease in their ownership of the stock. Company 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.