Arianne Phosphate Inc. (CVE:DAN – Get Free Report) shot up 22.2% on Friday . The stock traded as high as C$0.17 and last traded at C$0.17. 271,290 shares changed hands during trading, an increase of 128% from the average session volume of 118,926 shares. The stock had previously closed at C$0.14.
Arianne Phosphate Stock Performance
The firm’s 50 day simple moving average is C$0.15 and its 200-day simple moving average is C$0.18. The company has a market capitalization of C$33.48 million, a price-to-earnings ratio of -16.50 and a beta of 0.90. The company has a debt-to-equity ratio of 77.25, a quick ratio of 1.68 and a current ratio of 0.96.
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.
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