Arianne Phosphate Inc. (CVE:DAN – Get Free Report)’s share price was up 8% during mid-day trading on Thursday . The company traded as high as C$0.27 and last traded at C$0.27. Approximately 100,188 shares traded hands 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 Trading Up 12.0%
The company’s 50-day moving average is C$0.24 and its 200-day moving average is C$0.21. The company has a debt-to-equity ratio of 21.79, a quick ratio of 1.68 and a current ratio of 0.07. The firm 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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