Arianne Phosphate (CVE:DAN) Shares Pass Above 200-Day Moving Average – What’s Next?

Arianne Phosphate Inc. (CVE:DANGet Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.15 and traded as high as C$0.17. Arianne Phosphate shares last traded at C$0.17, with a volume of 9,457 shares trading hands.

Arianne Phosphate Price Performance

The stock has a 50 day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.15. The firm has a market cap of C$35.26 million, a PE ratio of 3.30 and a beta of 0.50. The company has a debt-to-equity ratio of 84.98, a quick ratio of 1.68 and a current ratio of 0.75.

Arianne Phosphate Company Profile

(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.

Further Reading

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