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

Shares of Cartier Resources Inc. (CVE:ECR) rose 16.7% during trading on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 888,594 shares traded hands during trading, an increase of 177% from the average daily 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:

• 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 Stock Performance

The stock 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 current ratio of 4.55 and a quick ratio of 5.52. The stock has a 50-day simple moving average of C$0.21 and a 200-day simple moving average of C$0.17.

Insider Buying and Selling

In other Cartier Resources 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 transaction of C$58,475.60. Following 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 ownership of the stock. 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.