Arianne Phosphate (CVE:DAN) Stock Price Up 22.2% – Time to Buy?

Arianne Phosphate Inc. (CVE:DANGet Free Report)’s stock price shot up 22.2% during mid-day trading on Thursday . The company traded as high as C$0.17 and last traded at C$0.17. 271,290 shares traded hands during mid-day trading, an increase of 128% from the average session volume of 118,926 shares. The stock had previously closed at C$0.14.

Arianne Phosphate Trading Down 6.1 %

The firm has a 50-day moving average of C$0.15 and a 200 day moving average of C$0.18. The company has a market cap of C$31.45 million, a P/E ratio of -15.50 and a beta of 0.90. The company has a current ratio of 0.96, a quick ratio of 1.68 and a debt-to-equity ratio of 77.25.

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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