Arianne Phosphate (CVE:DAN) Shares Down 10.7% – What’s Next?

Shares of Arianne Phosphate Inc. (CVE:DANGet Free Report) fell 10.7% during trading on Friday . The stock traded as low as C$0.13 and last traded at C$0.13. 155,000 shares were traded during mid-day trading, an increase of 28% from the average session volume of 121,039 shares. The stock had previously closed at C$0.14.

Arianne Phosphate Trading Down 10.7 %

The company has a debt-to-equity ratio of 84.98, a current ratio of 0.75 and a quick ratio of 1.68. The firm has a market capitalization of C$25.36 million, a price-to-earnings ratio of -4.22 and a beta of 0.90. The business’s 50 day moving average price is C$0.15 and its 200-day moving average price is C$0.17.

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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