Arianne Phosphate (CVE:DAN) Stock Price Passes Below 200 Day Moving Average of $0.55

Arianne Phosphate Inc. (CVE:DANGet Rating)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.55 and traded as low as C$0.42. Arianne Phosphate shares last traded at C$0.42, with a volume of 90,048 shares.

Arianne Phosphate Price Performance

The company has a debt-to-equity ratio of 40.23, a current ratio of 4.99 and a quick ratio of 4.99. The firm’s 50 day moving average is C$0.46 and its 200 day moving average is C$0.55. The firm has a market cap of C$79.82 million and a P/E ratio of -13.55.

Arianne Phosphate Company Profile

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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.

Further Reading

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