Arianne Phosphate Inc. (CVE:DAN – Get Free Report) shares shot up 18.8% during trading on Friday . The company traded as high as C$0.21 and last traded at C$0.19. 718,319 shares traded hands during trading, an increase of 429% from the average session volume of 135,821 shares. The stock had previously closed at C$0.16.
Arianne Phosphate Stock Up 12.5 %
The business’s 50 day moving average price is C$0.15 and its 200-day moving average price is C$0.17. The company has a debt-to-equity ratio of 84.98, a current ratio of 0.75 and a quick ratio of 1.68. The company has a market cap of C$36.52 million, a P/E ratio of -6.07 and a beta of 0.90.
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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