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

Cartier Resources Inc. (CVE:ECR) 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 traded 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:

• 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 firm has a market cap 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 current ratio of 4.55 and a quick ratio of 5.52. The company’s 50-day moving average is C$0.21 and its two-hundred day moving average is C$0.17.

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.

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.