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

Key Points

• Arianne Phosphate Inc. (CVE:DAN) saw its stock price increase by 37.1% during trading on Wednesday, reaching a high of C$0.25.
• The trading volume for the day spiked to 829,377 shares, up 576% from the average session volume of 122,742 shares.
• Arianne Phosphate focuses on developing the Lac à Paul phosphate project in Quebec, and currently has a market capitalization of C$51.29 million.

Arianne Phosphate Inc. (CVE:DAN - )'s stock price shot up 37.1% during trading on Wednesday . The company traded as high as C$0.25 and last traded at C$0.24. 829,377 shares traded hands during mid-day 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 Stock Up 37.1%

The business has a fifty day moving average of C$0.16 and a 200 day moving average of C$0.16. The stock has a market cap of C$51.29 million, a price-to-earnings ratio of 4.80 and a beta of 0.50. The company has a debt-to-equity ratio of 84.98, a current ratio of 0.75 and a quick ratio of 1.68.

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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