Cartier Resources Inc (TSE:ECR)
:ECR
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Cartier Resources
(ECR)
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Rating:45Neutral
Price Target:
C$0.23
▼(-11.92% Downside)
Action:ReiteratedDate:04/24/26
The score is primarily held back by pre-revenue financials with persistent losses and ongoing cash burn, despite the mitigating strength of very low leverage. Technical indicators are broadly neutral with slightly negative momentum, and valuation is constrained by negative earnings and lack of dividend support.
Positive Factors
Very low leverage
Extremely low debt materially reduces bankruptcy and interest-rate exposure for a junior explorer. This structural balance-sheet strength provides financial flexibility to fund staged exploration, negotiate transactions, and withstand funding gaps without immediate insolvency risk, lengthening runway.
Negative Factors
Pre-revenue operations
Absence of revenue means the business model currently relies entirely on capital markets and asset appreciation for value creation. Over months, continued pre-revenue status raises execution risk: exploration may fail to deliver resources, leaving funding needs and shareholder dilution as the primary value drivers.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low debt materially reduces bankruptcy and interest-rate exposure for a junior explorer. This structural balance-sheet strength provides financial flexibility to fund staged exploration, negotiate transactions, and withstand funding gaps without immediate insolvency risk, lengthening runway.
Read all positive factors
Cartier Resources (ECR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$109.26M
Dividend YieldN/A
Average Volume (3M)602.29K
Price to Earnings (P/E)―
Beta (1Y)1.15
Revenue GrowthN/A
EPS Growth61.89%
CountryCA
Employees10
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding445,978,150
10 Day Avg. Volume583,748
30 Day Avg. Volume602,292
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)2.67
Price to Sales (P/S)0.00
P/FCF Ratio-59.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 inter...
How the Company Makes Money
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Cartier Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -26.31K | -24.34K | -22.74K | -23.56K | -20.33K |
| EBITDA | -2.14M | -11.18M | -1.51M | -1.40M | -1.31M |
| Net Income | -4.34M | -10.14M | -1.39M | -1.11M | -290.44K |
Balance Sheet | |||||
| Total Assets | 44.43M | 37.81M | 47.26M | 45.14M | 33.30M |
| Cash, Cash Equivalents and Short-Term Investments | 7.88M | 1.37M | 4.85M | 7.01M | 6.28M |
| Total Debt | 46.80K | 83.00K | 118.67K | 85.24K | 119.99K |
| Total Liabilities | 5.26M | 4.35M | 5.14M | 5.63M | 4.55M |
| Stockholders Equity | 39.18M | 33.46M | 42.12M | 39.51M | 28.75M |
Cash Flow | |||||
| Free Cash Flow | -1.77M | -1.20M | -6.34M | -5.15M | -8.25M |
| Operating Cash Flow | -1.73M | -1.20M | -1.08M | -1.44M | -856.52K |
| Investing Cash Flow | -2.54M | -3.74M | -5.26M | -3.57M | -6.30M |
| Financing Cash Flow | 10.79M | 1.43M | 4.10M | 5.78K | 87.84K |
Cartier Resources Technical Analysis
Positive
0.26
Price Trends
0.26
Negative
0.25
Negative
0.21
Positive
Market Momentum
>-0.01
Negative
49.21
Neutral
68.89
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 0.26 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.26, and above the 200-day MA of 0.21, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.21 is Neutral, neither overbought nor oversold. The STOCH value of 68.89 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$136.72M | -7.36 | ― | ― | ― | ― | |
45 Neutral | C$109.26M | -24.10 | -11.51% | ― | ― | 61.89% | |
45 Neutral | C$188.50M | -9.82 | -107.49% | ― | ― | -25.88% | |
42 Neutral | C$113.37M | -27.33 | 1090.02% | ― | 48211.75% | -16.28% |
* Basic Materials Sector Average
TSE:ECR
Cartier Resources
0.25
0.15
140.95%
TSE:ABI
Abcourt Mines
0.10
0.05
90.00%
TSE:MGM
Maple Gold Mines Ltd
3.02
2.17
255.29%
TSE:VEIN
Pasofino Gold
0.90
0.37
68.87%
TSE:BLLG
Blue Lagoon Resources
0.77
0.32
71.11%
TSE:ACM
DeepRock Minerals
2.43
2.23
1115.00%
Cartier Resources Corporate Events
Business Operations and StrategyExecutive/Board Changes
Cartier Resources Adds Veteran Mining Leader Glenn Mullan to Board to Drive Cadillac Project
Positive
Apr 9, 2026
Cartier Resources has appointed veteran mining executive and geologist Glenn Mullan to its board of directors, reinforcing governance and strategic depth as it advances its Cadillac gold project in the Val-d’Or mining camp. Mullan, who has o...
Business Operations and Strategy
Cartier Uncovers New Intrusion-Related Gold System at Cadillac Project
Positive
Mar 25, 2026
Cartier Resources has identified a new porphyritic intrusion-related gold system in the Hope Sector of its Cadillac Project, reporting intercepts such as 5.2 g/t gold over 5.0 meters and 1.2 g/t over 25.5 meters in Pontiac sedimentary rocks south ...
Business Operations and Strategy
Cartier Confirms New Shallow High-Grade Gold Zone at Cadillac Portal Sector
Positive
Mar 12, 2026
Cartier Resources reported new drilling results from the Portal Sector of its Cadillac Project, confirming a shallow high-grade gold zone in the North Simon Zone, including an intercept of 7.1 g/t gold over 8.0 meters. The newly recognized zone ex...
Business Operations and Strategy
Cartier Resources Extends High-Grade Gold System at Cadillac’s Nordeau Sector
Positive
Feb 18, 2026
Cartier Resources reported new high-grade drill results from the East Nordeau Zone of its 100%-owned Cadillac Project, confirming a near-surface mineralized system that extends at least 400 metres along strike and remains open at depth. The Nordea...
Business Operations and Strategy
Cartier Extends High-Grade Gold Mineralization at Cadillac’s North Contact Zone
Positive
Feb 3, 2026
Cartier Resources has reported new drilling results from the Contact Sector of its Cadillac Project, confirming multiple shallow, high-grade gold zones in the North Contact Zone (NCZ) and extending its mineralized footprint 500 metres east along s...
Business Operations and StrategyRegulatory Filings and Compliance
Cartier Boosts Gold Resources With Updated NI 43-101 Estimate at Cadillac Project
Positive
Jan 28, 2026
Cartier Resources has filed an updated NI 43-101-compliant Mineral Resource Estimate for its Cadillac Project, incorporating 110,000 metres of Cartier drilling and 420,000 metres of historical drilling, which lifts measured and indicated gold reso...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.