Arianne Phosphate Inc. (CVE:DAN – Get Free Report)’s share price shot up 29.5% during trading on Friday . The company traded as high as C$0.29 and last traded at C$0.29. 1,296,613 shares traded hands during mid-day trading, an increase of 425% from the average session volume of 246,995 shares. The stock had previously closed at C$0.22.
Arianne Phosphate Trading Up 22.7%
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 firm has a fifty day simple moving average of C$0.21 and a 200-day simple moving average of C$0.19. The firm has a market cap of C$57.70 million, a P/E ratio of 6.75 and a beta of 0.68.
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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