Shares of Arianne Phosphate Inc. (CVE:DAN – Get Free Report) shot up 8.9% during trading on Tuesday . The stock traded as high as C$0.50 and last traded at C$0.49. 455,644 shares were traded during trading, an increase of 32% from the average session volume of 346,147 shares. The stock had previously closed at C$0.45.
Arianne Phosphate Price Performance
The stock has a fifty day moving average of C$0.30 and a 200-day moving average of C$0.25. The firm has a market capitalization of C$115.63 million, a P/E ratio of 10.75 and a beta of 0.92. The company has a quick ratio of 1.68, a current ratio of 0.08 and a debt-to-equity ratio of 96.91.
Arianne Phosphate Company Profile
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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