Shares of Arianne Phosphate Inc. (CVE:DAN – Get Free Report) were up 8% on Thursday . The stock traded as high as C$0.27 and last traded at C$0.27. Approximately 100,188 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 284,862 shares. The stock had previously closed at C$0.25.
Arianne Phosphate Stock Performance
The firm has a fifty day simple moving average of C$0.24 and a 200-day simple moving average of C$0.21. The company has a current ratio of 0.07, a quick ratio of 1.68 and a debt-to-equity ratio of 21.79. The stock has a market cap of C$59.84 million, a price-to-earnings ratio of 7.00 and a beta of 0.73.
About Arianne Phosphate
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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