Cartier Resources (CVE:ECR) Shares Up 23.5% – Here’s Why

Cartier Resources Inc. (CVE:ECRGet Free Report)’s share price was up 23.5% on Friday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 917,349 shares traded hands during trading, an increase of 230% from the average daily volume of 278,001 shares. The stock had previously closed at C$0.09.

Cartier Resources Stock Performance

The stock has a market capitalization of C$35.18 million, a price-to-earnings ratio of -35.00 and a beta of 2.07. The company has a 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.07. The company has a quick ratio of 5.52, a current ratio of 14.12 and a debt-to-equity ratio of 0.24.

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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