Mercury Financing Corp. Sells 33,500 Shares of Arianne Phosphate Inc. (CVE:DAN) Stock

Arianne Phosphate Inc. (CVE:DANGet Rating) insider Mercury Financing Corp. sold 33,500 shares of Arianne Phosphate stock in a transaction that occurred on Wednesday, May 12th. The shares were sold at an average price of C$0.57, for a total transaction of C$19,095.00. Following the completion of the sale, the insider now owns 29,894,000 shares in the company, valued at C$17,039,580.

Shares of CVE DAN traded up C$0.02 during midday trading on Friday, reaching C$0.65. The company’s stock had a trading volume of 241,032 shares, compared to its average volume of 310,610. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 40.97. Arianne Phosphate Inc. has a fifty-two week low of C$0.29 and a fifty-two week high of C$0.82. The stock has a market capitalization of C$123.27 million and a price-to-earnings ratio of -12.26. The stock has a 50 day simple moving average of C$0.64 and a 200-day simple moving average of C$0.55.

About Arianne Phosphate (Get Rating)

Arianne Phosphate Inc engages in the acquisition and exploration of mining properties in Canada. It primarily focuses on developing Lac à Paul phosphate rock project located in the Saguenay-Lac St-Jean area, Quebec. The company was formerly known as Arianne Resources Inc and changed its name to Arianne Phosphate Inc in June 2013.

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