Cartier Resources (CVE:ECR) Shares Up 16.7% – Still a Buy?

Cartier Resources Inc. (CVE:ECR) was up 16.7% during mid-day trading on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 888,594 shares were traded 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: The stock has increased today on much higher-than-average volume, which suggests renewed investor interest or fresh news/coverage that’s drawing attention. This kind of volume spike can amplify short-term price moves.
• Neutral Sentiment: Balance-sheet indicators are strong for a junior miner/explorer: quick ratio 5.52, current ratio 4.55 and low debt-to-equity (0.22). Those metrics reduce near-term financing risk but may not by themselves move the stock without project news.
• Neutral Sentiment: Technical posture is constructive: current price sits at the 1‑year high, 50‑day MA (C$0.21) is above the 200‑day MA (C$0.17), indicating short‑to‑medium term momentum that can attract technical buyers.
• Negative Sentiment: Negative P/E (−6.13) signals the company is not profitable — typical for exploration companies — but it increases investment risk and sensitivity to dilution if funding is required.
• Neutral Sentiment: Other risk markers: beta ~1.26 implies above-market volatility; 1‑year range C$0.08–C$0.25 shows wide swings typical of juniors. These are background factors investors weigh alongside any news.
• Neutral Sentiment: Please paste the news articles or links (headlines, release text, or URLs). I’ll summarize each item and label whether it’s likely to be positive, neutral, or negative for ECR’s share price and why.

Cartier Resources Price Performance

The stock has a 50 day moving average price of C$0.21 and a two-hundred day moving average price of C$0.17. The company has a market capitalization of C$108.47 million, a PE ratio of -6.13 and a beta of 1.26. 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 at Cartier Resources

In other Cartier Resources 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 transaction of C$58,475.60. Following the completion of the transaction, 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 position. Insiders own 29.79% of the company’s stock.

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.