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

Cartier Resources Inc. (CVE:ECR) shares 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 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:

• Neutral Sentiment: What to paste: full article text or direct links to news items (press releases, regulatory filings, analyst notes, or media reports) from the last 24–36 hours.
• Neutral Sentiment: What I’ll produce: a short investor-focused summary explaining why ECR’s stock moved (positive/neutral/negative drivers), relevance to the company’s fundamentals (exploration results, financing, resource updates, permits, M&A, commodity prices), and any immediate catalysts to watch.

Cartier Resources Trading Up 16.7%

The stock has a market cap of C$108.47 million, a price-to-earnings ratio of -6.13 and a beta of 1.26. The business has a fifty day simple moving average of C$0.21 and a 200 day simple moving average of C$0.17. 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 Buying and Selling

In related news, insider Nancy Lacoursiere sold 292,378 shares of the business’s stock in a transaction dated 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 owned 439,700 shares of the company’s stock, valued at approximately C$87,940. The trade was a 39.94% decrease in their position. Corporate 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.