Cartier Resources (CVE:ECR) Share Price Passes Below Fifty Day Moving Average – Time to Sell?
by Renee Jackson · The Cerbat GemCartier Resources Inc. (CVE:ECR – Get Free Report) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.26 and traded as low as C$0.25. Cartier Resources shares last traded at C$0.27, with a volume of 132,578 shares traded.
Cartier Resources Trading Up 1.9%
The firm has a market cap of C$120.46 million, a price-to-earnings ratio of -27.00 and a beta of 1.15. The firm’s 50-day moving average is C$0.26 and its 200-day moving average is C$0.26. The company has a current ratio of 6.10, a quick ratio of 5.52 and a debt-to-equity ratio of 0.10.
About Cartier Resources
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.