Arianne Phosphate (CVE:DAN) Trading Up 8.9% – Time to Buy?

Shares of Arianne Phosphate Inc. (CVE:DANGet 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

(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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