Arianne Phosphate (CVE:DAN) Stock Price Up 15.4% – Here’s What Happened

Arianne Phosphate Inc. (CVE:DAN)’s share price rose 15.4% on Monday . The stock traded as high as C$0.23 and last traded at C$0.23. Approximately 421,106 shares changed hands during trading, an increase of 186% from the average daily volume of 147,045 shares. The stock had previously closed at C$0.20.

Arianne Phosphate Stock Up 10.3%

The firm has a market cap of C$45.95 million, a P/E ratio of 5.38 and a beta of 0.86. The firm’s 50 day moving average is C$0.20 and its two-hundred day moving average is 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.

Insider Activity

In other news, insider Mercury Financing Corp. sold 552,831 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of C$0.25, for a total value of C$138,207.75. Following the completion of the transaction, the insider owned 20,573,000 shares of the company’s stock, valued at C$5,143,250. The trade was a 2.62% decrease in their position. 11.65% of the stock is owned by company insiders.

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.