Arianne Phosphate (CVE:DAN) Trading Up 15.6% – What’s Next?

Arianne Phosphate Inc. (CVE:DANGet Free Report)’s share price shot up 15.6% during trading on Friday . The stock traded as high as C$0.21 and last traded at C$0.19. 743,319 shares changed hands during trading, an increase of 431% from the average session volume of 140,088 shares. The stock had previously closed at C$0.16.

Arianne Phosphate Trading Up 12.5 %

The stock’s fifty day moving average price is C$0.15 and its 200 day moving average price is C$0.17. The stock has a market cap of C$36.52 million, a P/E ratio of -6.07 and a beta of 0.90. The company has a current ratio of 0.75, a quick ratio of 1.68 and a debt-to-equity ratio of 84.98.

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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