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Arianne Phosphate (CVE:DAN) Shares Up 37.1% - Here's What Happened

Arianne Phosphate logo with Basic Materials background

Key Points

  • Arianne Phosphate Inc. shares experienced a significant increase of 37.1%, reaching a trading high of C$0.25 during mid-day on Wednesday.
  • The company has a market cap of C$50.22 million and a PE ratio of 4.70, indicating potential growth opportunities.
  • Despite the rise, Arianne Phosphate's stock has shown volatility, with an average trading volume increase of 576% compared to previous days.
  • Interested in Arianne Phosphate? Here are five stocks we like better.

Arianne Phosphate Inc. (CVE:DAN - Get Free Report)'s share price rose 37.1% during mid-day trading on Wednesday . The company traded as high as C$0.25 and last traded at C$0.24. Approximately 829,377 shares changed hands during mid-day trading, an increase of 576% from the average daily volume of 122,742 shares. The stock had previously closed at C$0.18.

Arianne Phosphate Stock Down 2.1%

The business's 50 day moving average is C$0.16 and its 200-day moving average is C$0.16. 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$50.22 million, a PE ratio of 4.70 and a beta of 0.50.

Arianne Phosphate Company Profile

(Get Free Report)

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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