Cartier Resources (CVE:ECR) Shares Down 3.4% – Should You Sell?

Cartier Resources Inc. (CVE:ECR)’s stock price traded down 3.4% during mid-day trading on Tuesday . The stock traded as low as C$0.28 and last traded at C$0.29. 167,525 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 402,428 shares. The stock had previously closed at C$0.30.

Cartier Resources Stock Down 3.4%

The stock has a market cap of C$126.18 million, a P/E ratio of -7.13 and a beta of 1.55. The firm has a 50 day simple moving average of C$0.26 and a 200-day simple moving average of C$0.21. The company has a quick ratio of 5.52, a current ratio of 4.55 and a debt-to-equity ratio of 0.22.

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.