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

Cartier Resources Inc. (CVE:ECR)’s share price rose 16.7% on Thursday . 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.

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 50-day moving average of C$0.21 and a 200-day moving average of C$0.17. 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 company has a market capitalization of C$108.47 million, a price-to-earnings ratio of -6.13 and a beta of 1.26.

Insider Activity at Cartier Resources

In related news, insider Nancy Lacoursiere sold 292,378 shares of the 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 value of C$58,475.60. Following the completion of the transaction, the insider directly 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 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.