Arianne Phosphate (CVE:DAN) Stock Price Up 26.2% - What's Next?

Key Points

• Arianne Phosphate's stock price surged by 26.2% during mid-day trading, reaching C$0.27 after previously closing at C$0.21.
• Trading volume exceeded 463,948 shares, a significant increase of 260% compared to the average session volume.
• The company, which focuses on developing the Lac à Paul phosphate project in Quebec, has a market capitalization of C$50.22 million and a P/E ratio of 4.70.

Shares of Arianne Phosphate Inc. (CVE:DAN - ) shot up 26.2% during mid-day trading on Monday . The stock traded as high as C$0.27 and last traded at C$0.27. 463,948 shares changed hands during trading, an increase of 260% from the average session volume of 128,883 shares. The stock had previously closed at C$0.21.

Arianne Phosphate Stock Up 11.9%

The firm has a market capitalization of C$50.22 million, a P/E ratio of 4.70 and a beta of 0.72. The company has a fifty day simple moving average of C$0.16 and a 200 day simple moving average of C$0.16. The company has a quick ratio of 1.68, a current ratio of 0.75 and a debt-to-equity ratio of 84.98.

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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