Shares of Arianne Phosphate Inc. (CVE:DAN – Get Free Report) fell 16.3% during mid-day trading on Thursday . The company traded as low as C$0.18 and last traded at C$0.18. 183,562 shares were traded during trading, an increase of 121% from the average session volume of 83,231 shares. The stock had previously closed at C$0.22.
Arianne Phosphate Stock Performance
The company’s fifty day simple moving average is C$0.22 and its two-hundred day simple moving average is C$0.25. The stock has a market cap of C$41.59 million, a price-to-earnings ratio of -21.50 and a beta of 0.93. The company has a debt-to-equity ratio of 65.88, a current ratio of 1.21 and a quick ratio of 1.68.
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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