Arianne Phosphate (CVE:DAN) Shares Up 37.1% - Should You Buy?

Key Points

• Arianne Phosphate Inc. saw a significant stock price increase of 37.1%, with shares trading as high as C$0.25 on Wednesday.
• The company has a market capitalization of C$51.29 million and a P/E ratio of 4.80, indicating it may be undervalued.
• Arianne Phosphate primarily focuses on the Lac à Paul phosphate project in Quebec, emphasizing its role in mining property acquisition and exploration in Canada.

Arianne Phosphate Inc. (CVE:DAN - ) shot up 37.1% during trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.24. 829,377 shares changed hands during trading, an increase of 576% from the average session volume of 122,742 shares. The stock had previously closed at C$0.18.

Arianne Phosphate Price Performance

The company has a current ratio of 0.75, a quick ratio of 1.68 and a debt-to-equity ratio of 84.98. The company has a 50 day moving average price of C$0.16 and a 200 day moving average price of C$0.16. The company has a market capitalization of C$51.29 million, a P/E ratio of 4.80 and a beta of 0.50.

Arianne Phosphate Company Profile

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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