Cartier Resources (CVE:ECR) Stock Price Down 2% – Time to Sell?

Cartier Resources Inc. (CVE:ECR) dropped 2% on Tuesday . The stock traded as low as C$0.24 and last traded at C$0.24. Approximately 87,960 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 357,802 shares. The stock had previously closed at C$0.25.

Cartier Resources Trading Down 2.0%

The company has a current ratio of 6.56, a quick ratio of 5.52 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of C$0.25 and a two-hundred day simple moving average of C$0.24. The firm has a market cap of C$107.03 million, a PE ratio of -24.00 and a beta of 1.31.

Cartier Resources Company Profile

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.