Arianne Phosphate (CVE:DAN) Trading 10% Higher – Here’s What Happened

Arianne Phosphate Inc. (CVE:DAN)’s stock price traded up 10% on Wednesday . The company traded as high as C$0.33 and last traded at C$0.33. 251,297 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 282,110 shares. The stock had previously closed at C$0.30.

Arianne Phosphate Stock Performance

The company has a market capitalization of C$70.53 million, a price-to-earnings ratio of 8.25 and a beta of 0.78. The company has a debt-to-equity ratio of 21.79, a current ratio of 0.07 and a quick ratio of 1.68. The stock has a 50 day moving average price of C$0.26 and a two-hundred day moving average price of C$0.23.

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.