Cartier Resources (CVE:ECR) Stock Price Down 8.2% – Here’s What Happened

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

Cartier Resources Trading Down 6.6%

The firm has a market cap of C$127.16 million, a price-to-earnings 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 business has a fifty day moving average of C$0.27 and a two-hundred day moving average of C$0.26.

About Cartier Resources

(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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