Arianne Phosphate (CVE:DAN) Trading 14.8% Higher – Still a Buy?

Arianne Phosphate Inc. (CVE:DANGet Free Report)’s share price traded up 14.8% during mid-day trading on Thursday . The stock traded as high as C$0.16 and last traded at C$0.16. 103,550 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 111,300 shares. The stock had previously closed at C$0.14.

Arianne Phosphate Trading Up 14.8 %

The company has a market capitalization of C$31.45 million, a PE ratio of -15.50 and a beta of 0.90. The business’s 50-day simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.18. The company has a current ratio of 0.96, a quick ratio of 1.68 and a debt-to-equity ratio of 77.25.

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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