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

Cartier Resources Inc. (CVE:ECRGet Free Report)’s stock 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 trading hands.

Cartier Resources Stock Down 4.8 %

The stock has a 50 day moving average price of C$0.10 and a 200-day moving average price of C$0.09. The stock has a market capitalization of C$36.46 million, a P/E ratio of -21.45 and a beta of 2.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.55 and a quick ratio of 5.52.

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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