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

Key Points

• Arianne Phosphate Inc. stock experienced a significant rise of 37.1% in a single trading day, reaching a last traded price of C$0.24.
• The trading volume surged by 576%, with approximately 829,377 shares changing hands compared to the average daily volume of 122,742 shares.
• The company, which focuses on the Lac à Paul phosphate project in Quebec, has a market capitalization of C$51.29 million and a noteworthy PE ratio of 4.80.

Arianne Phosphate Inc. (CVE:DAN - ) 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 were traded 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 Up 37.1%

The stock has a market capitalization of C$51.29 million, a P/E ratio of 4.80 and a beta of 0.50. The firm's 50 day moving average price is C$0.16 and its 200 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.

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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