Arianne Phosphate (CVE:DAN) Trading 37.1% Higher - Still a Buy?

Key Points

• Arianne Phosphate Inc. shares surged by 37.1% during mid-day trading, reaching a high of C$0.25, marking a significant increase from the previous close of C$0.18.
• The company's market cap is C$51.29 million with a PE ratio of 4.80, indicating it may be undervalued compared to its earnings.
• Arianne Phosphate focuses on the acquisition and exploration of mining properties, primarily developing the Lac à Paul phosphate project in Quebec.

Arianne Phosphate Inc. (CVE:DAN - )'s share price traded up 37.1% during mid-day trading on Wednesday . The company traded as high as C$0.25 and last traded at C$0.24. 829,377 shares changed hands during trading, an increase of 576% from the average session volume of 122,742 shares. The stock had previously closed at C$0.18.

Arianne Phosphate Trading Up 37.1%

The company has a market cap of C$51.29 million, a PE ratio of 4.80 and a beta of 0.50. The stock's 50 day moving average is C$0.16 and its 200-day moving average is C$0.16. The company has a quick ratio of 1.68, a current ratio of 0.75 and a debt-to-equity ratio of 84.98.

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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