Arianne Phosphate (CVE:DAN) Trading Up 11.4%

Shares of Arianne Phosphate Inc (CVE:DAN) were up 11.4% during trading on Monday . The company traded as high as C$0.52 and last traded at C$0.49, approximately 144,536 shares were traded during trading. An increase of 227% from the average daily volume of 44,221 shares. The stock had previously closed at C$0.44.

The firm has a market capitalization of $49.03 million and a price-to-earnings ratio of -23.81. The company has a debt-to-equity ratio of 108.79, a quick ratio of 0.22 and a current ratio of 0.22. The business has a fifty day moving average price of C$0.46 and a 200 day moving average price of C$0.48.

Arianne Phosphate (CVE:DAN) last released its quarterly earnings data on Thursday, August 29th. The company reported C($0.01) EPS for the quarter.

About Arianne Phosphate (CVE:DAN)

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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