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

Cartier Resources Inc. (CVE:ECR) shares 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 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.

Key Stores Impacting Cartier Resources

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

Insider Transactions at Cartier Resources

In other Cartier Resources news, insider Nancy Lacoursiere sold 292,378 shares of the business’s 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 completion of the transaction, the insider directly owned 439,700 shares in the company, valued at C$87,940. The trade was a 39.94% decrease in their ownership of the stock. 29.79% of the stock is owned by company 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.