Cartier Resources (CVE:ECR) Trading Up 16.7% – Here’s What Happened

Cartier Resources Inc. (CVE:ECR)’s stock 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 changed hands 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 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 Trading Up 16.7%

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’s 50 day simple moving average is C$0.21 and its two-hundred day simple moving average 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 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 value of C$58,475.60. Following the completion of the transaction, 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. 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.