Shares of Arianne Phosphate Inc. (CVE:DAN – Get Free Report) were up 22.2% during trading on Thursday . The company traded as high as C$0.17 and last traded at C$0.17. Approximately 271,290 shares traded hands during mid-day trading, an increase of 128% from the average daily volume of 118,926 shares. The stock had previously closed at C$0.14.
Arianne Phosphate Stock Performance
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. The firm has a market capitalization of C$31.45 million, a PE ratio of -15.50 and a beta of 0.90.
About Arianne Phosphate
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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