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

Cartier Resources Inc. (CVE:ECR) shares traded up 16.7% on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. 888,594 shares traded hands during mid-day trading, an increase of 177% from the average session volume of 320,590 shares. The stock had previously closed at C$0.21.

Key Headlines Impacting 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 Up 16.7%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.52 and a current ratio of 4.55. The company has a market cap of C$108.47 million, a P/E ratio of -6.13 and a beta of 1.26. The stock has a 50 day moving average price of C$0.21 and a 200 day moving average price of C$0.17.

Insider Activity

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 sale, the insider directly owned 439,700 shares of the company’s stock, valued at C$87,940. The trade was a 39.94% decrease in their position. 29.79% of the stock is 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.