Arianne Phosphate (CVE:DAN) Stock Passes Above 200-Day Moving Average of $0.39

Shares of Arianne Phosphate Inc. (CVE:DAN – Get Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.39 and traded as high as C$0.40. Arianne Phosphate shares last traded at C$0.40, with a volume of 95,201 shares changing hands.

Arianne Phosphate Trading Up 2.6 %

The firm has a market cap of C$76.74 million, a PE ratio of -7.70 and a beta of 0.89. The business has a 50-day moving average price of C$0.43 and a two-hundred day moving average price of C$0.39. The company has a debt-to-equity ratio of 70.86, a current ratio of 1.71 and a quick ratio of 1.68.

Insider Activity

In other news, Director Raef Sully purchased 107,000 shares of the company’s stock in a transaction dated Thursday, April 27th. The stock was acquired at an average price of C$0.33 per share, for a total transaction of C$34,882.00. Company insiders own 21.02% of the company’s stock.

About Arianne Phosphate

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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.