Arianne Phosphate (CVE:DAN) Shares Up 37.1% - What's Next?

Key Points

• Arianne Phosphate Inc. shares surged by 37.1%, reaching a high of C$0.25, with trading volume increasing by 576% compared to its average.
• The company, focused on the Lac à Paul phosphate project in Quebec, has a market cap of C$51.29 million and a price-to-earnings ratio of 4.80.
• Arianne's financial ratios indicate potential vulnerability, with a debt-to-equity ratio of 84.98 and a current ratio of 0.75, suggesting liquidity concerns.

Arianne Phosphate Inc. (CVE:DAN - )'s share price rose 37.1% during mid-day trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.24. Approximately 829,377 shares traded hands during 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 Trading Down 2.1%

The company has a fifty day moving average of C$0.16 and a two-hundred day moving average of C$0.16. 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 stock has a market capitalization of C$50.22 million, a price-to-earnings ratio of 4.70 and a beta of 0.50.

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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