Arianne Phosphate (CVE:DAN) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Arianne Phosphate Inc. (CVE:DANGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.16 and traded as low as C$0.14. Arianne Phosphate shares last traded at C$0.14, with a volume of 44,950 shares changing hands.

Arianne Phosphate Stock Performance

The company has a market capitalization of C$28.40 million, a P/E ratio of -4.72 and a beta of 0.90. The stock has a fifty day simple moving average of C$0.15 and a 200-day simple moving average of C$0.16. The company has a quick ratio of 1.68, a current ratio of 0.75 and a debt-to-equity ratio of 84.98.

About Arianne Phosphate

(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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