Arianne Phosphate (CVE:DAN) Trading Up 8.2% – Still a Buy?

Arianne Phosphate Inc. (CVE:DAN) shares traded up 8.2% during trading on Tuesday . The company traded as high as C$0.34 and last traded at C$0.33. 109,481 shares changed hands during trading, a decline of 65% from the average session volume of 310,056 shares. The stock had previously closed at C$0.31.

Arianne Phosphate Price Performance

The firm has a 50-day moving average of C$0.26 and a 200 day moving average of C$0.23. The company has a current ratio of 0.07, a quick ratio of 1.68 and a debt-to-equity ratio of 21.79. The stock has a market capitalization of C$82.28 million, a price-to-earnings ratio of 9.63 and a beta of 0.78.

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.