Arianne Phosphate (CVE:DAN) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Arianne Phosphate Inc. (CVE:DANGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.16 and traded as high as C$0.17. Arianne Phosphate shares last traded at C$0.16, with a volume of 30,005 shares traded.

Arianne Phosphate Stock Performance

The company has a debt-to-equity ratio of 84.98, a quick ratio of 1.68 and a current ratio of 0.75. The firm has a market cap of C$33.48 million, a P/E ratio of -5.57 and a beta of 0.90. The company’s 50 day moving average is C$0.15 and its 200 day moving average is C$0.16.

About Arianne Phosphate

(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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