Arianne Phosphate (CVE:DAN) Stock Passes Below 200 Day Moving Average – What’s Next?

Arianne Phosphate Inc. (CVE:DANGet Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.17 and traded as low as C$0.14. Arianne Phosphate shares last traded at C$0.14, with a volume of 22,767 shares changing hands.

Arianne Phosphate Stock Performance

The company has a current ratio of 0.75, a quick ratio of 1.68 and a debt-to-equity ratio of 84.98. The firm’s 50-day simple moving average is C$0.15 and its two-hundred day simple moving average is C$0.17. The company has a market cap of C$27.39 million, a PE ratio of -4.55 and a beta of 0.90.

Arianne Phosphate Company Profile

(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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