Arianne Phosphate (CVE:DAN) Trading Up 22.9% - Time to Buy?

Key Points

• Arianne Phosphate Inc. (CVE:DAN) saw a significant increase of 22.9% in its stock price on Tuesday, reaching C$0.25 during trading.
• The company has a market cap of C$51.29 million and a low P/E ratio of 4.80, indicating potential for value investment.
• Arianne primarily focuses on the development of the Lac à Paul phosphate project in Quebec, which is crucial for its long-term growth strategy.

Arianne Phosphate Inc. (CVE:DAN - ) was up 22.9% during trading on Tuesday . The stock traded as high as C$0.25 and last traded at C$0.22. Approximately 646,687 shares were traded during mid-day trading, an increase of 432% from the average daily volume of 121,492 shares. The stock had previously closed at C$0.18.

Arianne Phosphate Price Performance

The stock has a market cap of C$51.29 million, a P/E ratio of 4.80 and a beta of 0.50. The company has a 50 day simple moving average of C$0.16 and a 200 day simple moving average of C$0.16. The company has a current ratio of 0.75, a quick ratio of 1.68 and a debt-to-equity ratio of 84.98.

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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