Arianne Phosphate (CVE:DAN) Stock Price Up 10.3% – Here’s What Happened

Arianne Phosphate Inc. (CVE:DAN) shares traded up 10.3% during mid-day trading on Monday . The company traded as high as C$0.22 and last traded at C$0.22. 386,466 shares changed hands during mid-day trading, an increase of 164% from the average session volume of 146,197 shares. The stock had previously closed at C$0.20.

Arianne Phosphate Stock Performance

The company has a current ratio of 0.75, a quick ratio of 1.68 and a debt-to-equity ratio of 84.98. The firm has a market capitalization of C$43.81 million, a price-to-earnings ratio of 5.13 and a beta of 0.86. The stock has a fifty day moving average price of C$0.20 and a 200-day moving average price of C$0.17.

Insider Activity

In other news, insider Mercury Financing Corp. sold 552,831 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of C$0.25, for a total value of C$138,207.75. Following the sale, the insider owned 20,573,000 shares in the company, valued at approximately C$5,143,250. The trade was a 2.62% decrease in their position. Insiders own 11.65% of the company’s stock.

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.