Arianne Phosphate Inc. (CVE:DAN – Get Rating) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.54 and traded as low as C$0.42. Arianne Phosphate shares last traded at C$0.42, with a volume of 19,606 shares trading hands.
Arianne Phosphate Stock 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 has a fifty day simple moving average of C$0.45 and a 200 day simple moving average of C$0.54. The company has a market cap of C$79.82 million and a price-to-earnings ratio of -13.55.
About Arianne Phosphate
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.
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