Arianne Phosphate (CVE:DAN) Stock Price Up 37.1% - Time to Buy?

Key Points

• Arianne Phosphate Inc. (CVE:DAN) experienced a significant share price increase of 37.1% on Tuesday, reaching a last traded price of C$0.24.
• The stock's trading volume surged to approximately 829,377 shares, reflecting a 576% increase from its average daily trading volume.
• The company's market capitalization is C$51.29 million, and it has a price-to-earnings ratio of 4.80, indicating potential value for investors.

Arianne Phosphate Inc. (CVE:DAN - )'s share price rose 37.1% on Tuesday . The company 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 stock's 50 day moving average price is C$0.16 and its two-hundred day moving average price is C$0.16. The company has a debt-to-equity ratio of 84.98, a current ratio of 0.75 and a quick ratio of 1.68. The firm has a market capitalization 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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