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Cartier Resources (CVE:ECR) Hits New 52-Week High - Time to Buy?

Cartier Resources logo with Basic Materials background

Key Points

  • Cartier Resources Inc. reached a new 52-week high, trading at C$0.20 before settling at C$0.19 with a volume of approximately 686,425 shares.
  • The company's current market capitalization is C$83.85 million, with a P/E ratio of -4.75 and a low debt-to-equity ratio of 0.22.
  • Cartier Resources is primarily focused on the acquisition and exploration of gold deposits, with its flagship project being the Chimo mine property in Quebec.
  • MarketBeat previews the top five stocks to own by October 1st.

Cartier Resources Inc. (CVE:ECR - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.20 and last traded at C$0.19, with a volume of 686425 shares. The stock had previously closed at C$0.18.

Cartier Resources Price Performance

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 simple moving average is C$0.15 and its 200-day simple moving average is C$0.12. The company has a market cap of C$79.43 million, a price-to-earnings ratio of -4.50 and a beta of 1.20.

Cartier Resources Company Profile

(Get Free Report)

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.

Further Reading

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