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Cartier Resources

TSXV:ECR
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ECR
TSXV
CA$23M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Cartier Resources Inc. engages in the acquisition and exploration of mining properties in Canada. The last earnings update was 118 days ago. More info.


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ECR Share Price and Events
7 Day Returns
4%
TSXV:ECR
0.1%
CA Metals and Mining
0.7%
CA Market
1 Year Returns
-31.6%
TSXV:ECR
-7.9%
CA Metals and Mining
-0.1%
CA Market
ECR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cartier Resources (ECR) 4% -10.3% 0% -31.6% 73.3% -7.1%
CA Metals and Mining 0.1% 1.5% 10.1% -7.9% 5.7% -23.5%
CA Market 0.7% 1.6% 11.5% -0.1% 15.4% 5%
1 Year Return vs Industry and Market
  • ECR underperformed the Metals and Mining industry which returned -7.9% over the past year.
  • ECR underperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
ECR
Industry
5yr Volatility vs Market

Value

 Is Cartier Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Cartier Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.13.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cartier Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cartier Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:ECR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$0.00
TSXV:ECR Share Price ** TSXV (2019-03-18) in CAD CA$0.13
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cartier Resources.

TSXV:ECR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:ECR Share Price ÷ EPS (both in CAD)

= 0.13 ÷ 0.00

-69.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cartier Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Cartier Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Cartier Resources's expected growth come at a high price?
Raw Data
TSXV:ECR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -69.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Cartier Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cartier Resources's assets?
Raw Data
TSXV:ECR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.15
TSXV:ECR Share Price * TSXV (2019-03-18) in CAD CA$0.13
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSXV:ECR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:ECR Share Price ÷ Book Value per Share (both in CAD)

= 0.13 ÷ 0.15

0.89x

* Primary Listing of Cartier Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cartier Resources is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Cartier Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Cartier Resources has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Cartier Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cartier Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cartier Resources expected to grow at an attractive rate?
  • Unable to compare Cartier Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Cartier Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Cartier Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:ECR Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.7%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:ECR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:ECR Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -1 0
2018-06-30 -1 0
2018-03-31 -1 -1
2017-12-31 -1 -2
2017-09-30 -1 -2
2017-06-30 -1 -2
2017-03-31 -1 -1
2016-12-31 -1 -1
2016-09-30 -1 -1
2016-06-30 -1 -2
2016-03-31 -1 -2
2015-12-31 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Cartier Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Cartier Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:ECR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Cartier Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:ECR Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.02
2016-06-30 -0.02
2016-03-31 -0.03
2015-12-31 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Cartier Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Cartier Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Cartier Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Cartier Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Cartier Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cartier Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Cartier Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cartier Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cartier Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Cartier Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cartier Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Cartier Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cartier Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:ECR Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -0.33 1.44
2018-06-30 -0.49 1.48
2018-03-31 -1.29 1.45
2017-12-31 -1.87 1.35
2017-09-30 -1.89 1.34
2017-06-30 -1.58 1.15
2017-03-31 -0.87 0.92
2016-12-31 -0.69 0.82
2016-09-30 -1.33 0.79
2016-06-30 -1.87 0.76
2016-03-31 -2.01 0.77
2015-12-31 -2.04 0.79
2015-09-30 -1.83 0.81
2015-06-30 -1.43 0.84
2015-03-31 -1.35 0.83
2014-12-31 -1.43 0.79
2014-09-30 -0.91 0.75
2014-06-30 -1.50 0.71
2014-03-31 -1.51 0.72
2013-12-31 -1.54 0.76
2013-09-30 -2.40 0.86
2013-06-30 -1.70 0.88
2013-03-31 -1.95 0.95
2012-12-31 -2.13 1.10
2012-09-30 -2.00 1.29
2012-06-30 -2.07 1.32
2012-03-31 -1.91 1.31

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Cartier Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Cartier Resources has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Cartier Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Cartier Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cartier Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Cartier Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cartier Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cartier Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cartier Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cartier Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Cartier Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cartier Resources Company Filings, last reported 5 months ago.

TSXV:ECR Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 25.99 0.00 9.62
2018-06-30 26.18 0.00 10.80
2018-03-31 26.06 0.00 13.00
2017-12-31 25.68 0.00 15.74
2017-09-30 21.41 0.00 11.06
2017-06-30 21.23 0.00 10.69
2017-03-31 15.98 0.00 5.23
2016-12-31 14.00 0.21 5.59
2016-09-30 9.04 0.21 1.09
2016-06-30 8.83 0.20 0.83
2016-03-31 8.04 0.00 0.71
2015-12-31 8.12 0.00 0.86
2015-09-30 8.84 0.00 0.95
2015-06-30 9.29 0.00 1.04
2015-03-31 9.30 0.00 1.03
2014-12-31 9.27 0.00 0.94
2014-09-30 9.71 0.00 1.15
2014-06-30 10.00 0.00 1.41
2014-03-31 9.67 0.00 1.56
2013-12-31 9.89 0.00 1.67
2013-09-30 9.41 0.00 1.74
2013-06-30 10.15 0.00 2.40
2013-03-31 10.44 0.00 2.68
2012-12-31 10.61 0.00 2.80
2012-09-30 10.44 0.00 2.59
2012-06-30 10.25 0.00 2.90
2012-03-31 10.89 0.00 3.20
  • Cartier Resources has no debt.
  • Cartier Resources had no debt 5 years ago.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Cartier Resources has sufficient cash runway for 1.2 years based on current free cash flow.
  • Cartier Resources has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 64.2% each year.
X
Financial health checks
We assess Cartier Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cartier Resources has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Cartier Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Cartier Resources dividends.
If you bought CA$2,000 of Cartier Resources shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Cartier Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cartier Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:ECR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Cartier Resources has not reported any payouts.
  • Unable to verify if Cartier Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cartier Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cartier Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Cartier Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cartier Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cartier Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Cartier Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Philippe Cloutier
COMPENSATION CA$322,235
AGE 53
TENURE AS CEO 11.8 years
CEO Bio

Mr. Philippe Cloutier, P.Geo. has been the Chief Executive Officer and President of Cartier Resources Inc. since May 31, 2007. Mr. Cloutier has a discovery-oriented career. He has played an instrumental role in the discovery and delineation of Noranda's Bell-Allard South Cu-Zn Mine in Matagami, Quebec. He has over 25 years of experience in the mining exploration and development business. Since September 2002, he serves as member of the Order of Geologist professional inspection committee. He has been working in the mining exploration field for Management Information Circular Resources Cartier Inc. He is the Founder and Chairman of Minière Grayton Inc. since December 2003. His areas of expertise include a full range of management operations for mineral mining exploration programs, the development and implementation of programs to identify new business opportunities and new projects. Mr. Cloutier has developed his skills working with various mining companies, such as Noranda Inc. where he worked as Project Geologist from 1989 to 1992, Aur Resources Inc., where he served as a Senior Geologist from September 1996 to December 2003 and SOQUEM Inc. where he served as Project Geologist from October 1994 to September 1996. He served as the Vice President of Exploration at Alexis Minerals Corp. He has been involved in the discoveries of the Montbray and West Ansil VMS Deposits located in Rouyn-Noranda, Quebec. Throughout his career, he has gained a vast experience in deep drilling (greater than 1000m) techniques, Borehole Pulse EM geophysical targeting, Titan24 surveying and geochemical/geological interpretation with respect to Volcanogenic Massive Sulphide Deposits. He served as the Chairman of Cartier Resources and has been its Director since May 31, 2007. He served as Chairman of the Board and Director at Nevado Resources Corporation from July 14, 2016 to June 15, 2017. He serves as Director of Imperial Mining Group Ltd. He served as a Member of Advisory Board at Megastar Development Corp. since April 10, 2006 and served as its Director since July 21, 2006. He serves as a Director of the Quebec Mineral Exploration Association (QMEA) and is a Director of the Chamber of commerce of the City of Val-d'Or, Quebec. Mr. Cloutier received a Bachelor of Science in Geology from the University of Montreal in 1986 and a certificate in Human Resource Management at University of Quebec Abitibi-Temiskaming.

CEO Compensation
  • Philippe's compensation has increased whilst company is loss making.
  • Philippe's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Cartier Resources management team in years:

7.5
Average Tenure
  • The average tenure for the Cartier Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jean-Yves Laliberté

TITLE
Chairman & Company Secretary
COMPENSATION
CA$95K
AGE
67

Philippe Cloutier

TITLE
President
COMPENSATION
CA$322K
AGE
53
TENURE
11.8 yrs

Nancy Lacoursière

TITLE
Chief Financial Officer
COMPENSATION
CA$174K
TENURE
3.8 yrs

Gaetan Lavalliere

TITLE
Vice President of Corporate Development
COMPENSATION
CA$257K
TENURE
7.5 yrs
Board of Directors Tenure

Average tenure and age of the Cartier Resources board of directors in years:

11.8
Average Tenure
53
Average Age
  • The average tenure for the Cartier Resources board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jean-Yves Laliberté

TITLE
Chairman & Company Secretary
COMPENSATION
CA$95K
AGE
67

Philippe Cloutier

TITLE
President
COMPENSATION
CA$322K
AGE
53
TENURE
11.8 yrs

Daniel Massé

TITLE
Director
COMPENSATION
CA$88K
AGE
51
TENURE
11.8 yrs

Me Jacob

TITLE
Director
COMPENSATION
CA$86K
AGE
46
TENURE
12.7 yrs

Michel Bouchard

TITLE
Director
COMPENSATION
CA$86K
AGE
64
TENURE
5.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Cartier Resources insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
18. Jan 19 Buy Michel Bouchard Individual 18. Jan 19 18. Jan 19 20,000 CA$0.13 CA$2,500
24. Aug 18 Buy Michel Bouchard Individual 24. Aug 18 24. Aug 18 9,000 CA$0.15 CA$1,350
18. May 18 Buy Michel Bouchard Individual 17. May 18 18. May 18 9,500 CA$0.16 CA$1,561
17. Apr 18 Buy Michel Bouchard Individual 17. Apr 18 17. Apr 18 20,000 CA$0.15 CA$3,000
11. Apr 18 Buy Philippe Cloutier Individual 10. Apr 18 10. Apr 18 165,000 CA$0.17 CA$28,050
X
Management checks
We assess Cartier Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cartier Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Investors Who Bought Cartier Resources (CVE:ECR) Shares Three Years Ago Are Now Up 59%

Cartier Resources didn't have any revenue in the last year, so it's fair to say it doesn't yet have a proven product (or at least not one people are paying for). … For example, investors may be hoping that Cartier Resources finds some valuable resources, before it runs out of money. … Of course, if you time it right, high risk investments like this can really pay off, as Cartier Resources investors might know.

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Is Cartier Resources Inc (CVE:ECR) A Volatile Stock?

If you're interested in Cartier Resources Inc (CVE:ECR), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

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Cartier Resources Inc (CVE:ECR): Risks You Need To Consider Before Buying

Broadly speaking, there are two types of risk you should consider when investing in stocks such as ECR. … The first type is company-specific risk, which can be diversified away by investing in other companies to reduce exposure to one particular stock. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market.

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Company Info

Description

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.

Details
Name: Cartier Resources Inc.
ECR
Exchange: TSXV
Founded: 2006
CA$23,023,617
177,104,747
Website: http://www.ressourcescartier.com
Address: Cartier Resources Inc.
1740, Chemin Sullivan,
Suite 1000,
Val-d'Or,
Quebec, J9P 7H1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV ECR Common Shares TSX Venture Exchange CA CAD 28. Dec 2006
OTCPK ECRF.F Common Shares Pink Sheets LLC US USD 28. Dec 2006
DB 6CA Common Shares Deutsche Boerse AG DE EUR 28. Dec 2006
Number of employees
Current staff
Staff numbers
0
Cartier Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:01
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2018/11/21
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.