Arianne Phosphate (CVE:DAN) Sets New 1-Year High – Here’s Why

Shares of Arianne Phosphate Inc. (CVE:DANGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.30 and last traded at C$0.30, with a volume of 733148 shares changing hands. The stock had previously closed at C$0.29.

Arianne Phosphate Stock Performance

The company has a fifty day moving average price of C$0.25 and a two-hundred day moving average price of C$0.23. The firm has a market cap of C$69.38 million, a price-to-earnings ratio of 7.50 and a beta of 0.78. The company has a debt-to-equity ratio of 21.79, a current ratio of 0.07 and a quick ratio of 1.68.

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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