Arianne Phosphate (CVE:DAN) Shares Up 22.2% – Still a Buy?

Arianne Phosphate Inc. (CVE:DAN)’s share price shot up 22.2% on Thursday . The stock traded as high as C$0.17 and last traded at C$0.17. 271,290 shares were traded during mid-day trading, an increase of 128% from the average session volume of 118,926 shares. The stock had previously closed at C$0.14.

Arianne Phosphate Stock Performance

The company has a debt-to-equity ratio of 77.25, a current ratio of 0.96 and a quick ratio of 1.68. The company has a market cap of C$33.48 million, a price-to-earnings ratio of -16.50 and a beta of 0.90. The firm has a 50 day simple moving average of C$0.15 and a 200-day simple moving average of C$0.18.

Arianne Phosphate Company Profile

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.