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Arianne Phosphate (CVE:DAN) Trading 37.1% Higher - Time to Buy?

Arianne Phosphate logo with Basic Materials background

Key Points

  • Arianne Phosphate Inc. shares surged 37.1%, trading as high as C$0.25, with a significant increase in trading volume of 576% from the average.
  • The company has a market capitalization of C$51.29 million and a P/E ratio of 4.80, indicating potential value for investors.
  • Arianne Phosphate focuses on mining properties in Canada, particularly the Lac à Paul phosphate project in Quebec.
  • MarketBeat previews top five stocks to own in October.

Shares of Arianne Phosphate Inc. (CVE:DAN - Get Free Report) traded up 37.1% during mid-day trading on Tuesday . The company traded as high as C$0.25 and last traded at C$0.24. 829,377 shares traded 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 Price Performance

The company has a quick ratio of 1.68, a current ratio of 0.75 and a debt-to-equity ratio of 84.98. 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 business's 50 day simple moving average is C$0.16 and its two-hundred day simple moving average is C$0.16.

Arianne Phosphate Company Profile

(Get Free Report)

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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