Arianne Phosphate (CVE:DAN) Shares Up 8.2% – Here’s Why

Shares of Arianne Phosphate Inc. (CVE:DAN) shot up 8.2% during mid-day trading on Tuesday . The company traded as high as C$0.34 and last traded at C$0.33. 109,481 shares were traded during mid-day trading, a decline of 65% from the average session volume of 310,056 shares. The stock had previously closed at C$0.31.

Arianne Phosphate Price Performance

The company has a market cap of C$73.73 million, a PE ratio of 8.63 and a beta of 0.78. 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 stock has a 50 day moving average of C$0.26 and a 200-day moving average of C$0.23.

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.