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

Shares of Cartier Resources Inc. (CVE:ECR) 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 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 Stores Impacting Cartier Resources

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

• Neutral Sentiment: Paste the full article text or headlines and links directly into your next message.
• Neutral Sentiment: Or give URLs to the articles (I will not browse external sites myself, but I can summarize text you paste from them).
• Neutral Sentiment: If you want, tell me which items to prioritize (e.g., press releases, drill results, financings, M&A, analyst notes).

Cartier Resources Price Performance

The stock has a market capitalization of C$108.47 million, a P/E ratio of -6.13 and a beta of 1.26. The business’s 50 day moving average price is C$0.21 and its 200 day moving average price is C$0.17. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.55 and a quick ratio of 5.52.

Insiders Place Their Bets

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of the business’s stock in a transaction on 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 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. Corporate 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.