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

Key Points

• Arianne Phosphate Inc. (CVE:DAN) saw a significant increase of 37.1% in stock price, rising from C$0.18 to C$0.24 during trading.
• Approximately 829,377 shares were traded, marking a 576% increase from the average daily volume.
• The company has a market capitalization of C$51.29 million and is focused on developing the Lac à Paul phosphate project in Quebec.

Arianne Phosphate Inc. (CVE:DAN - ) was up 37.1% during 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 mid-day 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 company has a debt-to-equity ratio of 84.98, a current ratio of 0.75 and a quick ratio of 1.68. The company has a market capitalization of C$51.29 million, a price-to-earnings ratio of 4.80 and a beta of 0.50. The business's 50 day simple moving average is C$0.16 and its 200 day simple moving average is 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.

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