Arianne Phosphate (CVE:DAN) Trading 22.2% Higher – What’s Next?

Arianne Phosphate Inc. (CVE:DANGet Free Report) traded up 22.2% during mid-day trading on Thursday . The company traded as high as C$0.17 and last traded at C$0.17. 271,290 shares traded hands during mid-day trading, an increase of 129% from the average session volume of 118,618 shares. The stock had previously closed at C$0.14.

Arianne Phosphate Trading Down 6.1 %

The stock’s fifty day simple moving average is C$0.15 and its 200-day simple moving average is C$0.18. The firm has a market cap of C$31.45 million, a PE ratio of -15.50 and a beta of 0.90. The company has a debt-to-equity ratio of 77.25, a current ratio of 0.96 and a quick ratio of 1.68.

Arianne Phosphate Company Profile

(Get Free Report)

Arianne Phosphate Inc engages in the acquisition and exploration of mining properties in Canada. It primarily focuses on developing Lac à Paul phosphate project located in the Saguenay-Lac St-Jean area, Quebec. Arianne Phosphate Inc was founded in 1997 and is headquartered in Chicoutimi, Canada.

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