Cartier Resources (CVE:ECR) Shares Down 5.6% – Here’s Why

Cartier Resources Inc. (CVE:ECRGet Free Report) dropped 5.6% during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 300,000 shares changed hands during trading, an increase of 4% from the average daily volume of 287,435 shares. The stock had previously closed at C$0.09.

Cartier Resources Stock Down 5.6 %

The company has a market cap of C$29.90 million, a price-to-earnings ratio of -35.00 and a beta of 2.07. The company has a current ratio of 14.12, a quick ratio of 5.52 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average price is C$0.10 and its 200-day moving average price is C$0.08.

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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