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

Cartier Resources Inc. (CVE:ECR)’s stock price was up 16.7% during mid-day trading on Thursday . The stock 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.

Trending Headlines about Cartier Resources

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

• Positive Sentiment: Unusually high trading volume and a jump to the 12‑month high—market activity surged well above average, which often drives short‑term upward price pressure and signals renewed investor interest. MarketBeat quote
• Positive Sentiment: Solid liquidity and low leverage: Cartier shows a quick ratio of 5.52, current ratio of 4.55 and a debt‑to‑equity of 0.22—these balance‑sheet metrics reduce short‑term solvency concerns and can support investor confidence.
• Neutral Sentiment: Technical picture: the stock sits above its 50‑day (C$0.21) and 200‑day (C$0.17) moving averages, which can attract momentum traders; this is supportive but doesn’t guarantee sustained gains.
• Negative Sentiment: Negative earnings multiple: a P/E of -6.13 indicates the company is unprofitable on a trailing basis, a fundamental risk that could limit longer‑term upside until profitability or clear project value is demonstrated.
• Negative Sentiment: Higher volatility: beta ~1.26 implies above‑market swings; while this can amplify gains, it also increases downside risk for short‑term holders.

Cartier Resources Stock Performance

The firm has a fifty day moving average of C$0.21 and a 200-day moving average of C$0.17. The company has a quick ratio of 5.52, a current ratio of 4.55 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.

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 value of C$58,475.60. Following the sale, the insider owned 439,700 shares of the company’s stock, 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.