Arianne Phosphate (CVE:DAN) Trading 25.7% Higher - What's Next?

Key Points

• Arianne Phosphate Inc. (CVE:DAN) shares surged by 25.7% during mid-day trading, reaching a high of C$0.25 and closing at C$0.22.
• The company experienced an impressive trading volume of 707,212 shares, which is 480% higher than its average volume of 122,001 shares.
• Arianne Phosphate is primarily focused on developing the Lac à Paul phosphate project in Quebec and has a market capitalization of approximately C$51.29 million.

Arianne Phosphate Inc. (CVE:DAN - ) shares traded up 25.7% during mid-day trading on Tuesday . The company traded as high as C$0.25 and last traded at C$0.22. 707,212 shares were traded during trading, an increase of 480% from the average session volume of 122,001 shares. The stock had previously closed at C$0.18.

Arianne Phosphate Stock Up 37.1%

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 has a market capitalization of C$51.29 million, a PE ratio of 4.80 and a beta of 0.50. The business's 50-day simple moving average is C$0.16 and its 200-day simple moving average is C$0.16.

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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