Arianne Phosphate (CVE:DAN) Trading Up 25.7% - Still a Buy?

Key Points

• Arianne Phosphate Inc. saw a significant stock increase of 25.7%, trading at C$0.22 after reaching a high of C$0.25 during mid-day trading.
• The stock's trading volume was approximately 707,212 shares, which represents a 480% increase over its average daily volume.
• Arianne has a market capitalization of C$51.29 million and operates primarily in the phosphate mining sector in Canada.

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

Arianne Phosphate Trading Up 37.1%

The stock has a market capitalization of C$51.29 million, a price-to-earnings ratio of 4.80 and a beta of 0.50. The company has a debt-to-equity ratio of 84.98, a quick ratio of 1.68 and a current ratio of 0.75. The firm has a fifty day moving average of C$0.16 and a 200-day moving average of 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.