Arianne Phosphate (CVE:DAN) Stock Price Down 10.7% – What’s Next?

Arianne Phosphate Inc. (CVE:DANGet Free Report) dropped 10.7% during mid-day trading on Friday . The company traded as low as C$0.12 and last traded at C$0.13. Approximately 346,636 shares traded hands during trading, an increase of 184% from the average daily volume of 121,854 shares. The stock had previously closed at C$0.14.

Arianne Phosphate Trading Down 10.7 %

The company has a quick ratio of 1.68, a current ratio of 0.75 and a debt-to-equity ratio of 84.98. The company’s 50-day moving average is C$0.15 and its 200 day moving average is C$0.17. The company has a market cap of C$25.36 million, a price-to-earnings ratio of -4.22 and a beta of 0.90.

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 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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