Arianne Phosphate (CVE:DAN) Reaches New 1-Year Low – Here’s Why

Arianne Phosphate Inc. (CVE:DANGet Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as C$0.17 and last traded at C$0.17, with a volume of 48859 shares traded. The stock had previously closed at C$0.18.

Arianne Phosphate Stock Performance

The company has a current ratio of 0.96, a quick ratio of 1.68 and a debt-to-equity ratio of 77.25. The stock has a market cap of C$36.52 million, a price-to-earnings ratio of -17.00 and a beta of 0.90. The firm’s 50-day moving average is C$0.19 and its two-hundred day moving average is C$0.21.

Arianne Phosphate (CVE:DANGet Free Report) last announced its earnings results on Monday, August 26th. The company reported C($0.01) EPS for the quarter. As a group, sell-side analysts expect that Arianne Phosphate Inc. will post -0.04 earnings per share for the current year.

About Arianne Phosphate

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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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