Cartier Resources (ECR) AI Stock Analysis

Cartier Resources

(TSXV:ECR)

Select Model

Rating:42Neutral

Price Target:CAD 0.20▲(9.19% Upside)

Action:reiterated

Date:10/28/26

The score is primarily limited by recurring losses, no revenue, and sustained cash burn. The conservatively financed balance sheet provides some resilience, while weak technical momentum and the absence of meaningful valuation support further reduce the score.

Positive Factors

Conservative balance sheetExtremely low leverage reduces debt-service and insolvency risk while preserving financial flexibility. This conservative capital structure can help Cartier direct available capital toward exploration and property advancement without the additional burden of substantial borrowing costs.

Negative Factors

No operating revenueThe absence of operating revenue means Cartier has no established commercial cash engine to fund corporate costs or exploration. Its financial outlook therefore remains dependent on successful property advancement and eventual transactions rather than recurring sales from a producing business.

Cartier Resources (ECR) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 84.77M
Dividend Yield: ―
Average Volume (3M): 281.97K
Price to Earnings (P/E): -48.7
Beta (1Y): 1.27
Revenue Growth: ―
EPS Growth: 87.43%
Country: Canada
Employees: 10
Sector: General
Sector Strength: 55
Industry: Gold

Cartier Resources Business Overview & Revenue Model

Company Description

Cartier Resources Inc. operates in Canada, concentrating on the acquisition and exploration of mining sites, with a particular focus on discovering gold deposits. Its most significant undertaking is the Chimo mine property, situated just east of Val-...

How the Company Makes Money

Cartier Resources does not primarily generate operating revenue from selling products or services; as an exploration-stage company, it typically funds its activities through capital markets and seeks to create value by advancing its mineral propertie...

Cartier Resources Financial Statement Overview

Summary

The low-leverage, equity-funded balance sheet is a strength, but it is outweighed by recurring losses, no revenue, and persistent negative operating and free cash flow. The score is constrained by the company's exploration-stage profile and ongoing funding risk.

Income Statement

28Negative

Balance Sheet

70Positive

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	0	0	0	0	0	0
Gross Profit	-29.73K	-26.31K	-24.34K	-22.74K	-23.56K	-20.33K
EBITDA	155.00K	-2.14M	-11.18M	-1.49M	-1.40M	-1.31M
Net Income	-2.00M	-4.34M	-10.14M	-1.39M	-1.11M	-290.44K
Balance Sheet
Total Assets	43.38M	44.43M	37.81M	47.26M	45.14M	33.30M
Cash, Cash Equivalents and Short-Term Investments	5.64M	7.88M	1.37M	4.85M	7.01M	6.28M
Total Debt	28.29K	46.80K	83.00K	118.67K	85.24K	119.99K
Total Liabilities	4.73M	5.26M	4.35M	5.14M	5.63M	4.55M
Stockholders Equity	38.64M	39.18M	33.46M	42.12M	39.51M	28.75M
Cash Flow
Free Cash Flow	-2.18M	-1.77M	-1.20M	-6.34M	-5.15M	-8.25M
Operating Cash Flow	-2.14M	-1.73M	-1.20M	-1.08M	-1.44M	-856.52K
Investing Cash Flow	-3.73M	-2.54M	-3.74M	-5.26M	-3.57M	-6.30M
Financing Cash Flow	462.06K	10.79M	1.43M	4.10M	5,775	87.84K

Cartier Resources Technical Analysis

Technical Analysis SentimentNegative

Last Price0.18

Price Trends

50DMA0.28Negative

100DMA0.27Negative

200DMA0.26Negative

Market Momentum

MACD-0.02Positive

RSI23.24Positive

STOCH16.59Positive

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 0.18 is below the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.28, and below the 200-day MA of 0.26, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 23.24 is Positive, neither overbought nor oversold. The STOCH value of 16.59 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:ECR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:MGM	52Neutral	CAD 173.70M	-6.95	-120.80%	―	―	-208.22%
TSE:ECR	42Neutral	CAD 84.77M	-48.72	-5.12%	―	―	87.43%
TSE:ABI	41Neutral	CAD 62.89M	-2.02	588.69%	―	―	-41.48%
TSE:BLLG	40Underperform	CAD 94.83M	-18.43	-20.85%	―	―	13.27%

* General Sector Average

Performance Comparison

TSE:ECR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:ECR	Cartier Resources	0.19	-0.02	-11.63%
TSE:ABI	Abcourt Mines	0.05	-0.02	-26.47%
TSE:MGM	Maple Gold Mines	2.34	0.75	47.17%
TSE:BLLG	Blue Lagoon Resources Inc	0.54	-0.14	-20.59%
TSE:ACM	Allied Critical Metals Inc.	1.08	0.44	68.75%

Cartier Resources Corporate Events

Business Operations and StrategyFinancial Disclosures

Cartier’s Updated PEA Flags Billion-Dollar NPV for Cadillac Gold Project

Positive

Sep 17, 2026

Cartier Resources has released an updated Preliminary Economic Assessment for its 100%-owned Cadillac Project, outlining a fully underground mine plan with average annual production of 100,000 ounces of gold over a 16.2-year life. The study shows an...

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.

Date of analysis: Oct 28, 2026

Cartier Resources AI Stock Analysis