Cartier Resources (CVE:ECR) Trading 16.7% Higher – Should You Buy?

Cartier Resources Inc. (CVE:ECR)’s stock price shot up 16.7% during trading 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.

Cartier Resources News Roundup

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 Trading Up 16.7%

The company has a current ratio of 4.55, a quick ratio of 5.52 and a debt-to-equity ratio of 0.22. 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 fifty day simple moving average is C$0.21 and its two-hundred day simple moving average is C$0.17.

Insider Buying and Selling at Cartier Resources

In related news, insider Nancy Lacoursiere sold 292,378 shares of Cartier Resources stock in a transaction dated Thursday, October 2nd. The stock was 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. This trade represents a 39.94% decrease in their ownership of the stock. 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.