Cartier Resources (ECR) AI Stock Analysis

• Market Cap: C$41.93M
• Dividend Yield: N/A
• Average Volume (3M): 211.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.75
• Revenue Growth: N/A
• EPS Growth: -4.44%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 57
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 364,611,080
• 10 Day Avg. Volume: 227,251
• 30 Day Avg. Volume: 211,361
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -40.80
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Cartier Resources' overall stock score is low, primarily due to its poor financial performance characterized by consistent net losses and negative cash flows. Despite some positive technical indicators, the lack of revenue and profitability remains a critical issue. Additionally, the negative P/E ratio and absence of dividends further detract from its valuation appeal.

Cartier Resources Business Overview & Revenue Model

Company Description

Cartier Resources Inc. engages in the acquisition and exploration of mining properties in Canada. It explores for gold deposits. The company's flagship project is the Chimo mine property located to the east of Val-d'Or, Quebec. It also holds interest in Benoist, Fenton, Wilson, Cadillac Extension, Dollier, and MacCormack metal deposit projects, which are located in Quebec. The company was incorporated in 2006 and is headquartered in Val-d'Or, Canada.

How the Company Makes Money

Cartier Resources makes money primarily through the exploration and development of its mineral properties, with a focus on gold. Revenue is generated by advancing projects to the point where they can be sold or optioned to larger mining companies, or by entering into joint ventures. This involves securing financing through equity sales or strategic partnerships to fund exploration activities and increase the value of their properties. Revenue streams may also include royalties or future production agreements if the projects are successfully developed.

Cartier Resources Financial Statement Overview

Summary

Cartier Resources faces significant financial hurdles, with no revenue generation, consistent net losses, and negative cash flows. While the company maintains low leverage, the lack of revenue and profitability remains a critical issue. The financial health of the company is concerning, especially in terms of its cash flow stability and profitability.

Income Statement

Cartier Resources has shown a consistent pattern of revenue being absent, with increasing net losses over the years. The absence of revenue growth and negative margins across gross profit, EBIT, and net income highlight significant challenges in generating income.

Balance Sheet

The company has maintained a low debt-to-equity ratio, indicating limited use of leverage. However, the declining equity and significant liabilities may pose risks. The equity ratio is relatively stable, suggesting a reasonable portion of the company is financed by equity.

Cash Flow

Cartier Resources exhibits negative operating and free cash flows, indicating cash outflows exceed inflows from core operations. Financing activities have provided some liquidity, but the negative growth in free cash flow suggests ongoing cash management challenges.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-23.61K	-22.74K	-23.56K	-20.33K	-20.27K	-7.87K
	EBIT
-1.12M	-1.49M	-1.45M	-1.38M	-1.23M	-1.08M
	EBITDA
-1.35M	-1.51M	-1.40M	-1.31M	-1.21M	-1.07M
	Net Income Common Stockholders
-1.64M	-1.39M	-1.11M	-290.44K	-852.23K	-984.86K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.60M	4.85M	7.01M	6.28M	13.27M	7.70M
	Total Assets
23.24M	47.26M	45.14M	33.30M	33.76M	25.49M
	Total Debt
0.00	118.67K	85.24K	119.99K	157.15K	156.84K
	Net Debt
-7.57M	-4.62M	-6.89M	-6.08M	-13.11M	-7.51M
	Total Liabilities
2.08M	5.14M	5.63M	4.55M	5.75M	3.13M
	Stockholders Equity
21.16M	42.12M	39.51M	28.75M	28.01M	22.36M
Cash Flow		Free Cash Flow
-3.75M	-6.34M	-5.15M	-8.25M	-4.12M	-3.62M
	Operating Cash Flow
-1.17M	-1.08M	-1.44M	-856.52K	-993.83K	-733.59K
	Investing Cash Flow
-2.57M	-5.26M	-3.57M	-6.30M	-2.38M	-1.98M
	Financing Cash Flow
2.41M	4.10M	―	87.84K	8.97M	2.81M

Cartier Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ECR, the sentiment is Positive. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.11, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 63.22 is Neutral, neither overbought nor oversold. The STOCH value of 75.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ECR.

Cartier Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	81 Outperform	C$3.12B	20.10	26.82%	―	77.93%	236.93%
AZM	50 Neutral	C$43.78M	221.74	-0.64%	―	―	88.31%
Sector *	48 Neutral	$1.91B	-1.66	-22.29%	3.86%	0.68%	-27.44%
AMX	46 Neutral	C$124.54M	117.05	1.20%	―	―	―
RDS	42 Neutral	C$115.88M	―	-1.81%	―	―	50.00%
ECR	38 Underperform	C$41.93M	―	-4.00%	―	―	-4.44%
BTR	31 Underperform	C$45.06M	―	-91.29%	―	―	7.15%

Cartier Resources Corporate Events

Cartier Resources Secures $1 Million in Private Placement

Cartier Resources has successfully completed a private placement, raising $1 million through the sale of flow-through common shares at $0.13 each. This strategic move supports the company’s exploration endeavors in Quebec, further cementing its position in one of the world’s top mining jurisdictions.

Cartier Resources Reports High-Grade Gold Discoveries

Cartier Resources has reported impressive high-grade gold findings from its extensive drilling program at the East Cadillac property, situated near the Val-d’Or mining camp in Québec. The company’s recent efforts have yielded gold concentrations up to 173.6 g/t over short distances, enhancing the potential value of their resource holdings.

Cartier Resources Closes Successful Private Placement

Cartier Resources Inc. successfully raised $487,432 through a private placement, issuing over 4.4 million units with both common shares and purchase warrants. Insiders participated in the transaction, which is exempt from certain regulatory requirements. The funds will support Cartier’s general and administrative expenses as the company advances its projects in Quebec.