Arianne Phosphate (CVE:DAN) Hits New 52-Week Low – Should You Sell?

Arianne Phosphate Inc. (CVE:DANGet Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.17 and last traded at C$0.18, with a volume of 3166 shares trading hands. The stock had previously closed at C$0.18.

Arianne Phosphate Stock Performance

The company has a debt-to-equity ratio of 77.25, a quick ratio of 1.68 and a current ratio of 0.96. The firm has a 50-day moving average of C$0.19 and a 200-day moving average of C$0.22. The firm has a market capitalization of C$36.52 million, a P/E ratio of -18.00 and a beta of 0.90.

Arianne Phosphate (CVE:DANGet Free Report) last posted its quarterly earnings results on Monday, August 26th. The company reported C($0.01) EPS for the quarter. On average, equities research analysts anticipate that Arianne Phosphate Inc. will post -0.04 EPS for the current fiscal year.

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 project located in the Saguenay-Lac St-Jean area, Quebec. Arianne Phosphate Inc was founded in 1997 and is headquartered in Chicoutimi, Canada.

Further Reading

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