Arianne Phosphate Inc. (CVE:DAN – Get Free Report) shares dropped 15.8% during mid-day trading on Thursday. The stock traded as low as C$0.23 and last traded at C$0.24. 191,327 shares were traded during mid-day trading, a decline of 29% from the average session volume of 268,252 shares. The stock had previously closed at C$0.28.
Arianne Phosphate Stock Down 12.3%
The company has a current ratio of 0.24, a quick ratio of 1.68 and a debt-to-equity ratio of 83.45. The stock’s fifty day moving average is C$0.31 and its 200 day moving average is C$0.34. The company has a market capitalization of C$58.99 million, a P/E ratio of 25.00 and a beta of 1.46.
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 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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