Arianne Phosphate (CVE:DAN) Trading Down 7.6% – What’s Next?

Arianne Phosphate Inc. (CVE:DAN)’s share price was down 7.6% on Friday . The company traded as low as C$0.31 and last traded at C$0.31. Approximately 197,777 shares were traded during trading, a decline of 36% from the average daily volume of 307,753 shares. The stock had previously closed at C$0.33.

Arianne Phosphate Stock Down 6.1%

The stock has a market cap of C$66.25 million, a PE ratio of 7.75 and a beta of 0.78. The firm has a fifty day moving average of C$0.26 and a 200 day moving average of C$0.23. The company has a quick ratio of 1.68, a current ratio of 0.07 and a debt-to-equity ratio of 21.79.

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.