Arianne Phosphate (CVE:DAN) Trading Up 37.1% - Should You Buy?

Key Points

• Arianne Phosphate Inc. shares surged by 37.1% during mid-day trading, reaching a high of C$0.25, with a significant increase in trading volume.
• The company's market capitalization is approximately C$51.29 million, and it has a notable PE ratio of 4.80.
• Arianne Phosphate is focused on developing the Lac à Paul phosphate project in Quebec, Canada, which is key to its operations.

Shares of Arianne Phosphate Inc. (CVE:DAN - ) were 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. Approximately 829,377 shares traded hands during trading, an increase of 576% from the average daily volume of 122,742 shares. The stock had previously closed at C$0.18.

Arianne Phosphate Trading Up 37.1%

The firm has a market capitalization of C$51.29 million, a PE ratio of 4.80 and a beta of 0.50. The business has a 50 day moving average price of C$0.16 and a 200-day moving average price 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.

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.