Cartier Resources (CVE:ECR) Sets New 52-Week High – Should You Buy?

Cartier Resources Inc. (CVE:ECR)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as C$0.33 and last traded at C$0.32, with a volume of 556128 shares. The stock had previously closed at C$0.28.

Cartier Resources Stock Down 1.6%

The company has a quick ratio of 5.52, a current ratio of 10.92 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of C$0.27 and a 200-day simple moving average of C$0.26. The firm has a market cap of C$138.31 million, a P/E ratio of -29.50 and a beta of 1.28.

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.