Arianne Phosphate (CVE:DAN) Stock Price Crosses Below Two Hundred Day Moving Average of $0.54

Arianne Phosphate Inc. (CVE:DANGet Rating)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.54 and traded as low as C$0.42. Arianne Phosphate shares last traded at C$0.42, with a volume of 19,606 shares.

Arianne Phosphate Stock Down 5.6 %

The firm has a 50-day moving average of C$0.45 and a 200 day moving average of C$0.54. The stock has a market capitalization of C$79.82 million and a price-to-earnings ratio of -13.55. The company has a current ratio of 4.99, a quick ratio of 4.99 and a debt-to-equity ratio of 40.23.

About Arianne Phosphate

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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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