Arianne Phosphate (CVE:DAN) Stock Price Up 29.5% – Here’s What Happened

Arianne Phosphate Inc. (CVE:DANGet Free Report)’s share price rose 29.5% during mid-day trading on Friday . The company traded as high as C$0.29 and last traded at C$0.29. Approximately 1,296,613 shares were traded during mid-day trading, an increase of 425% from the average daily volume of 246,995 shares. The stock had previously closed at C$0.22.

Arianne Phosphate Stock Performance

The company has a market cap of C$57.70 million, a PE ratio of 6.75 and a beta of 0.68. The stock’s 50 day simple moving average is C$0.21 and its two-hundred day simple moving average is C$0.19. The company has a quick ratio of 1.68, a current ratio of 0.75 and a debt-to-equity ratio of 84.98.

About Arianne Phosphate

(Get Free Report)

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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