Arianne Phosphate (CVE:DAN) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Arianne Phosphate Inc. (CVE:DANGet Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.17 and traded as low as C$0.16. Arianne Phosphate shares last traded at C$0.16, with a volume of 60,239 shares changing hands.

Arianne Phosphate Price Performance

The firm has a 50-day simple moving average of C$0.15 and a 200-day simple moving average of C$0.17. The firm has a market cap of C$31.45 million, a P/E ratio of -5.23 and a beta of 0.90. The company has a current ratio of 0.75, a quick ratio of 1.68 and a debt-to-equity ratio of 84.98.

About Arianne Phosphate

(Get Free Report)

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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