Cartier Resources (CVE:ECR) Share Price Passes Below 50-Day Moving Average – Here’s Why

Cartier Resources Inc. (CVE:ECRGet Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.28 and traded as low as C$0.26. Cartier Resources shares last traded at C$0.26, with a volume of 390,084 shares trading hands.

Cartier Resources Stock Performance

The business has a 50-day moving average of C$0.28 and a 200 day moving average of C$0.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.01 and a quick ratio of 5.52. The company has a market cap of C$115.12 million, a PE ratio of -6.50 and a beta of 1.12.

About Cartier Resources

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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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