Arianne Phosphate (CVE:DAN) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Arianne Phosphate Inc. (CVE:DANGet Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.17 and traded as low as C$0.14. Arianne Phosphate shares last traded at C$0.14, with a volume of 153,027 shares changing hands.

Arianne Phosphate Stock Down 6.7 %

The company has a 50-day simple moving average of C$0.15 and a 200 day simple moving average of C$0.17. The company has a current ratio of 0.75, a quick ratio of 1.68 and a debt-to-equity ratio of 84.98. The company has a market cap of C$28.40 million, a P/E ratio of -4.72 and a beta of 0.90.

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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