Arianne Phosphate (CVE:DAN) Stock Price Up 37.1% - Still a Buy?

Key Points

• Arianne Phosphate Inc. (CVE:DAN) experienced a significant share price increase of 37.1%, trading as high as C$0.25 during mid-day trading.
• The stock's trading volume surged by 576% compared to its average daily volume, indicating heightened investor interest.
• The company's market capitalization stands at C$51.29 million, with a PE ratio of 4.80 and a high debt-to-equity ratio of 84.98.

Arianne Phosphate Inc. (CVE:DAN - )'s share price rose 37.1% 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 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 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's fifty day moving average is C$0.16 and its two-hundred day moving average is 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.

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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