Arianne Phosphate (CVE:DAN) Hits New 1-Year High – Still a Buy?

Arianne Phosphate Inc. (CVE:DANGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.31 and last traded at C$0.30, with a volume of 422540 shares changing hands. The stock had previously closed at C$0.27.

Arianne Phosphate Price Performance

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

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.

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