Arianne Phosphate (CVE:DAN) Reaches New 52-Week High – Here’s Why

Arianne Phosphate Inc. (CVE:DANGet Free Report) shares hit a new 52-week high on Monday . The company traded as high as C$0.42 and last traded at C$0.41, with a volume of 202032 shares changing hands. The stock had previously closed at C$0.41.

Arianne Phosphate Stock Performance

The company has a current ratio of 0.08, a quick ratio of 1.68 and a debt-to-equity ratio of 96.91. The company has a market capitalization of C$90.83 million, a PE ratio of 10.63 and a beta of 0.78. The firm’s 50-day simple moving average is C$0.28 and its 200-day simple moving average is C$0.24.

About Arianne Phosphate

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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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