Arianne Phosphate Inc. (CVE:DAN – Get Free Report) shares traded down 4.1% during mid-day trading on Thursday. The company traded as low as C$0.23 and last traded at C$0.23. 83,712 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 259,979 shares. The stock had previously closed at C$0.24.
Arianne Phosphate Trading Down 4.1%
The firm’s 50-day moving average is C$0.29 and its 200-day moving average is C$0.32. The company has a current ratio of 0.24, a quick ratio of 1.68 and a debt-to-equity ratio of 83.45. The firm has a market cap of C$55.45 million, a price-to-earnings ratio of 23.50 and a beta of 0.92.
About Arianne Phosphate
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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