Cartier Resources (CVE:ECR) Shares Pass Below 50 Day Moving Average – Should You Sell?

Cartier Resources Inc. (CVE:ECRGet Free Report)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.10 and traded as low as C$0.10. Cartier Resources shares last traded at C$0.10, with a volume of 46,600 shares changing hands.

Cartier Resources Price Performance

The business has a fifty day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.09. The company has a current ratio of 4.55, a quick ratio of 5.52 and a debt-to-equity ratio of 0.22. The stock has a market cap of C$36.46 million, a PE ratio of -21.45 and a beta of 2.07.

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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