Arianne Phosphate (CVE:DAN) Trading Up 37.1% - Here's What Happened

Key Points

• Arianne Phosphate Inc. (CVE:DAN) experienced a significant stock increase of 37.1% on Tuesday, trading as high as C$0.25 before closing at C$0.24.
• The company's trading volume surged to 829,377 shares, which is a 576% increase compared to its average daily volume of 122,734 shares.
• Arianne Phosphate focuses on exploring mining properties in Canada, particularly the Lac à Paul phosphate project in Quebec, and has a market capitalization of C$51.29 million.

Arianne Phosphate Inc. (CVE:DAN - ) was up 37.1% on Tuesday . The company traded as high as C$0.25 and last traded at C$0.24. Approximately 829,377 shares were traded during mid-day trading, an increase of 576% from the average daily volume of 122,734 shares. The stock had previously closed at C$0.18.

Arianne Phosphate Stock Up 37.1%

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 market capitalization of C$51.29 million, a P/E ratio of 4.80 and a beta of 0.50. The stock has a fifty day moving average price of C$0.16 and a two-hundred day moving average price of C$0.16.

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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