Arianne Phosphate (CVE:DAN) Trading 22.2% Higher – What’s Next?

Arianne Phosphate Inc. (CVE:DAN) shares 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 changed hands during 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 Stock Performance

The stock 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 capitalization of C$31.45 million, a price-to-earnings ratio of -15.50 and a beta of 0.90. The company has a quick ratio of 1.68, a current ratio of 0.96 and a debt-to-equity ratio of 77.25.

Arianne Phosphate Company Profile

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.