Cartier Resources (CVE:ECR) Reaches New 12-Month High - Here's Why

Key Points

• Cartier Resources Inc. has reached a new 52-week high of C$0.16 during trading, closing last at C$0.15 with over 1 million shares traded.
• The company's financial metrics include a market cap of C$54.69 million, a P/E ratio of -32.18, and a strong liquidity position indicated by a current ratio of 4.55.
• Cartier focuses on the acquisition and exploration of mining properties in Canada, particularly gold deposits at its flagship Chimo mine property in Quebec.

Cartier Resources Inc. (CVE:ECR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.16 and last traded at C$0.15, with a volume of 1018839 shares traded. The stock had previously closed at C$0.13.

Cartier Resources Stock Performance

The stock's 50-day simple moving average is C$0.12 and its 200-day simple moving average is C$0.11. The stock has a market cap of C$52.87 million, a price-to-earnings ratio of -31.11 and a beta of 2.07. The company has a current ratio of 4.55, a quick ratio of 5.52 and a debt-to-equity ratio of 0.22.

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.