Arianne Phosphate (CVE:DAN) Reaches New 12-Month Low – Should You Sell?

Arianne Phosphate Inc. (CVE:DANGet Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.13 and last traded at C$0.13, with a volume of 40000 shares. The stock had previously closed at C$0.13.

Arianne Phosphate Stock Performance

The company’s 50-day simple moving average is C$0.15 and its 200 day simple moving average is C$0.17. The stock has a market cap of C$26.38 million, a P/E ratio of -4.39 and a beta of 0.90. The company has a current ratio of 0.75, a quick ratio of 1.68 and a debt-to-equity ratio of 84.98.

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.

Further Reading

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