Cartier Resources (CVE:ECR) Stock Price Up 16.7% – Should You Buy?

Cartier Resources Inc. (CVE:ECR) rose 16.7% during trading 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 Price Performance

The company’s 50-day moving average is C$0.21 and its 200-day moving average is C$0.17. The firm has a market capitalization of C$108.47 million, a price-to-earnings ratio of -6.13 and a beta of 1.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.55 and a quick ratio of 5.52.

Insider Activity at Cartier Resources

In related news, insider Nancy Lacoursiere sold 292,378 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of C$0.20, for a total value of C$58,475.60. Following the transaction, the insider directly 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 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.