Cartier Resources (CVE:ECR) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Cartier Resources Inc. (CVE:ECRGet Free Report)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.11 and traded as low as C$0.11. Cartier Resources shares last traded at C$0.11, with a volume of 174,000 shares traded.

Cartier Resources Stock Performance

The business’s 50-day simple moving average is C$0.11 and its 200 day simple moving average is C$0.10. 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 cap of C$38.28 million, a P/E ratio of -22.53 and a beta of 2.07.

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.

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