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

Cartier Resources Inc. (CVE:ECR)’s stock price shot up 16.7% on Thursday . The stock traded as high as C$0.25 and last traded at C$0.25. 888,594 shares were traded during mid-day trading, an increase of 177% from the average session volume of 320,590 shares. The stock had previously closed at C$0.21.

Key Cartier Resources News

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 Stock 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 firm has a market cap of C$108.47 million, a P/E ratio of -6.13 and a beta of 1.26. The firm’s 50 day moving average is C$0.21 and its two-hundred day moving average is C$0.17.

Insider Activity at Cartier Resources

In related 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 sale, the insider owned 439,700 shares of the company’s stock, valued at approximately C$87,940. This trade represents a 39.94% decrease in their position. 29.79% of the stock is currently owned by corporate insiders.

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.