Cartier Resources (CVE:ECR) Trading 18.8% Higher – Here’s Why

Cartier Resources Inc. (CVE:ECRGet Free Report) shares traded up 18.8% during mid-day trading on Thursday . The company traded as high as C$0.10 and last traded at C$0.10. 261,000 shares were traded during mid-day trading, a decline of 9% from the average session volume of 288,046 shares. The stock had previously closed at C$0.08.

Cartier Resources Stock Performance

The business has a fifty day moving average of C$0.10 and a 200-day moving average of C$0.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 5.52 and a current ratio of 14.12. The company has a market capitalization of C$35.18 million, a P/E ratio of -35.00 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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