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

Cartier Resources Inc. (CVE:ECR)’s share price rose 16.7% on Wednesday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 888,594 shares changed hands during mid-day trading, an increase of 177% from the average daily volume of 320,590 shares. The stock had previously closed at C$0.21.

Trending Headlines about Cartier Resources

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

• Positive Sentiment: Market momentum: American Banking News reports ECR was trading up intraday, citing short‑term buying that pushed the stock to recent highs — a move that traders attribute to technical momentum rather than company news. Cartier Resources (CVE:ECR) Trading Up 7.1% – Here’s What Happened
• Positive Sentiment: Technical picture supportive: follow‑up commentary (“What’s Next?”) discusses upside potential if the stock sustains above the 50‑day (C$0.21) and 200‑day (C$0.17) moving averages and if volume confirms the move — technical traders may view a hold above recent resistance as a buy signal. Cartier Resources (CVE:ECR) Trading Up 7.1% – What’s Next?
• Neutral Sentiment: No material operational or corporate news cited: both pieces frame the move as market‑driven; there were no press releases, drill updates, financings, or analyst upgrades noted in those posts to explain a fundamental catalyst. Investors should confirm company filings for any substantive announcements. Cartier Resources (CVE:ECR) Trading Up 7.1% – Here’s What Happened
• Negative Sentiment: Speculative/volatile move risk: without a clear fundamental catalyst, the rally may be short‑lived and driven by momentum or low‑liquidity trading; investors should be mindful of volatility and the company’s small‑cap profile (market cap ~C$108M) and negative P/E.

Cartier Resources Stock Performance

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 market capitalization of C$108.47 million, a PE ratio of -6.13 and a beta of 1.26. The firm has a fifty day moving average price of C$0.21 and a two-hundred day moving average price of C$0.17.

Insider Buying and Selling at Cartier Resources

In other 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 of the company’s stock, valued at approximately C$87,940. The trade was a 39.94% decrease in their ownership of the stock. 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.