Cartier Resources (ECR) AI Stock Analysis

• Market Cap: C$36.46M
• Dividend Yield: N/A
• Average Volume (3M): 242.22K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• Revenue Growth: N/A
• EPS Growth: -550.00%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Gold
• EPS (TTM): -0.03
• Shares Outstanding: 364,611,080
• 10 Day Avg. Volume: 208,280
• 30 Day Avg. Volume: 242,224
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• 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 faces substantial financial difficulties, with no revenue or profitability, which severely impacts its stock score. While technical indicators and recent corporate events show some promise, particularly in exploration efforts, the overall financial health remains a significant concern, limiting the stock's attractiveness.

Cartier Resources Business Overview & Revenue Model

Company Description

Cartier Resources Inc. (ECR) is a Canadian-based mineral exploration company focused on the discovery and development of gold properties in the highly prospective Abitibi Greenstone Belt in Quebec, Canada. The company specializes in identifying and exploring high-potential gold mining projects, leveraging its strategic partnerships and technical expertise to advance its exploration activities and add value to its portfolio.

How the Company Makes Money

Cartier Resources makes money primarily through the discovery and development of mineral resources, particularly gold. The company generates revenue by increasing the value of its mineral properties through exploration activities, which can then be sold or developed into producing mines. Key revenue streams include strategic partnerships and joint ventures with other mining companies, as well as potential future royalties or production revenues from developed properties. Additionally, Cartier Resources may raise capital through equity financing to fund its exploration activities, which is common in the mining exploration industry.

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

Cartier Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ECR, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.11, and above the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.36 is Neutral, neither overbought nor oversold. The STOCH value of -8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$2.95B	19.06	26.82%	―	77.93%	236.93%
Sector *	49 Neutral	$1.95B	-1.37	-21.43%	3.74%	0.84%	-29.84%
AZM	48 Neutral	C$46.35M	221.74	-0.64%	―	―	88.31%
AMX	46 Neutral	C$141.47M	118.75	-0.73%	―	―	-169.35%
RDS	42 Neutral	C$103.80M	―	-1.81%	―	―	50.00%
BTR	39 Underperform	C$41.72M	―	-108.81%	―	―	-4.84%
ECR	32 Underperform	C$36.46M	―	-26.84%	―	―	-550.00%

Cartier Resources Corporate Events

Cartier Resources Secures Over $11 Million in Private Placements to Boost Exploration

Cartier Resources Inc. has successfully closed a private placement with Paradigm Capital Inc., raising $8,395,176.11 through the issuance of flow-through and hard dollar units. Additionally, Agnico Eagle Mines Limited participated in a concurrent offering, contributing $3,003,419.38. The funds will be used for exploration activities, including a significant diamond drill program on the Cadillac project, and for general corporate purposes. This strategic move is expected to enhance Cartier’s exploration capabilities and strengthen its market position.

Spark’s Take on TSE:ECR Stock

According to Spark, TipRanks’ AI Analyst, TSE:ECR is a Underperform.

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.

To see Spark’s full report on TSE:ECR stock, click here.

Cartier Resources Adjusts Offering Amid Quebec Tax Changes

Cartier Resources Inc. announced an amending agreement to its previously declared private placement offering, adjusting to new tax measures from the Quebec Minister of Finance’s 2025-2026 budget. The offering aims to raise approximately $7.3 million through a combination of flow-through and hard dollar units, with adjustments made to the subscription price to accommodate changes in tax benefits. This strategic move is designed to mitigate the impact of the abolition of certain tax exemptions and deductions, ensuring compliance and maximizing potential benefits for stakeholders.

Cartier Resources Launches $7.3 Million Private Placement for Exploration

Cartier Resources Inc. has announced a private placement offering to raise up to $7,300,160 through the issuance of flow-through and hard dollar units. The proceeds will fund exploration expenses in Québec, including a significant diamond drill program on the Cadillac project, enhancing the company’s exploration capabilities and potentially strengthening its position in the mining sector.

Cartier Resources Embraces AI for Enhanced Gold Exploration

Cartier Resources Inc. has launched an AI Targeting Program on its Cadillac Project using VRIFY’s AI-Assisted Mineral Discovery Platform. This initiative aims to enhance mineral discovery rates by leveraging advanced AI algorithms to identify potential gold mineralization areas, thus accelerating exploration and reducing risks associated with human error.

Cartier Resources Launches Chimo Tailings Project to Enhance Gold Resource Potential

Cartier Resources Inc. has announced the Chimo Tailings Project, which aims to assess the economic viability of reprocessing tailings from the historic Chimo Mine. This project is part of Cartier’s strategy to enhance its resource base and offers potential value creation with minimal capital investment, due to its proximity to existing gold mills. Additionally, Cartier is advancing a multi-stage drilling program using AI exploration tools to identify new gold targets, aiming to boost its resource estimates and shareholder value.

Cartier Resources Revamps Leadership and Strategy for 2025

Cartier Resources Inc. has announced a change in its senior leadership as part of a new development strategy, with Mr. Gaétan Lavallière stepping down as Vice-President. The company will reorganize its workload and seek new candidates to support its strategic goals. The 2025 outlook emphasizes the use of innovative AI tools, a review of mineral resources, and aggressive exploration programs to enhance their Cadillac Project’s gold potential. Cartier is also evaluating non-core assets for potential joint ventures or sales to maximize value.