Arianne Phosphate (CVE:DAN) Stock Falls 4.1% – Here’s Why

Arianne Phosphate Inc. (CVE:DAN – Get Free Report)’s stock price dropped 4.1% during mid-day trading on Thursday. The stock traded as low as C$0.23 and last traded at C$0.23. 83,712 shares changed hands during trading, a decline of 68% from the average daily volume of 259,979 shares. The stock had previously closed at C$0.24.

Arianne Phosphate Stock Performance

The company has a 50-day moving average of C$0.29 and a 200-day moving average of C$0.32. The company has a market cap of C$55.45 million, a PE ratio of 23.50 and a beta of 0.92. The company has a quick ratio of 1.68, a current ratio of 0.24 and a debt-to-equity ratio of 83.45.

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.

Further Reading

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