Cartier Resources (CVE:ECR) Shares Down 8.2% – Should You Sell?

Shares of Cartier Resources Inc. (CVE:ECRGet Free Report) were down 8.2% during mid-day trading on Monday . The stock traded as low as C$0.27 and last traded at C$0.28. 235,452 shares were traded during trading, a decline of 16% from the average daily volume of 280,351 shares. The stock had previously closed at C$0.30.

Cartier Resources Stock Performance

The company has a market capitalization of C$127.16 million, a PE ratio of -29.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.52 and a current ratio of 10.92. The company has a 50 day moving average price of C$0.27 and a 200 day moving average price of C$0.26.

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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