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Cartier Resources (CVE:ECR) Trading 15.6% Higher - Still a Buy?

Cartier Resources logo with Basic Materials background

Key Points

  • Cartier Resources Inc. shares increased by 15.6%, trading at C$0.19 after previously closing at C$0.16.
  • The company has a market cap of C$75.02 million and reported a P/E ratio of -4.25.
  • Cartier Resources primarily focuses on the acquisition and exploration of gold mining properties in Canada, highlighted by its flagship Chimo mine project.
  • MarketBeat previews top five stocks to own in October.

Cartier Resources Inc. (CVE:ECR - Get Free Report) shares traded up 15.6% on Monday . The stock traded as high as C$0.19 and last traded at C$0.19. 223,725 shares were traded during trading, an increase of 8% from the average session volume of 206,270 shares. The stock had previously closed at C$0.16.

Cartier Resources Stock Performance

The company has a market cap of C$75.02 million, a P/E ratio of -4.25 and a beta of 1.20. The company's 50-day moving average is C$0.14 and its two-hundred day moving average is C$0.12. The company has a quick ratio of 5.52, a current ratio of 4.55 and a debt-to-equity ratio of 0.22.

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.

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