Arianne Phosphate (CVE:DAN) Trading 37.1% Higher - Should You Buy?

Key Points

• Shares of Arianne Phosphate Inc. (CVE:DAN) saw a significant increase, rising 37.1% during trading, with the last price recorded at C$0.24.
• The trading volume reached approximately 829,377 shares, representing a 576% increase compared to the average daily volume.
• Arianne Phosphate is primarily focused on developing the Lac à Paul phosphate project in Quebec, Canada, and currently has a market cap of C$51.29 million.

Shares of Arianne Phosphate Inc. (CVE:DAN - ) rose 37.1% during 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 company has a current ratio of 0.75, a quick ratio of 1.68 and a debt-to-equity ratio of 84.98. The firm has a market cap of C$51.29 million, a PE ratio of 4.80 and a beta of 0.50. The company's 50-day moving average is C$0.16 and its 200 day 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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