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

Cartier Resources Inc. (CVE:ECR)’s share price traded up 16.7% during trading on Thursday . The company 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 Summary

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 Stock Up 16.7%

The stock has a market cap of C$108.47 million, a P/E ratio of -6.13 and a beta of 1.26. The firm has a 50 day simple moving average of C$0.21 and a 200-day simple moving average of C$0.17. The company has a quick ratio of 5.52, a current ratio of 4.55 and a debt-to-equity ratio of 0.22.

Insider Transactions at Cartier Resources

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider owned 439,700 shares of the company’s stock, valued at C$87,940. This trade represents a 39.94% decrease in their position. 29.79% of the stock is owned by corporate insiders.

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.