Shares of Cartier Resources Inc (CVE:ECR) were down 12.1% during trading on Tuesday . The stock traded as low as C$0.15 and last traded at C$0.15, approximately 2,021,500 shares changed hands during trading. An increase of 1,519% from the average daily volume of 124,870 shares. The stock had previously closed at C$0.17.

Separately, Fundamental Research started coverage on shares of Cartier Resources in a research note on Tuesday, April 30th. They set a “buy” rating and a C$0.29 price target on the stock.

The firm has a market capitalization of $30.11 million and a PE ratio of -5.16. The company has a 50 day moving average of C$0.14. The company has a quick ratio of 20.00, a current ratio of 20.30 and a debt-to-equity ratio of 0.89.

About Cartier Resources (CVE:ECR)

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 in Val-d'Or. The company was founded in 2006 and is headquartered in Val-d'Or, Canada.

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