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Cartier Resources (CVE:ECR) Stock Price Up 15.6% - Should You 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.
  • Five stocks we like better than Cartier Resources.

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

Cartier Resources Trading Down 3.0%

The business has a 50 day moving average of C$0.14 and a two-hundred day moving average of C$0.12. 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 firm has a market capitalization of C$70.61 million, a price-to-earnings ratio of -4.00 and a beta of 1.20.

About Cartier Resources

(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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