Shares of Arianne Phosphate Inc. (CVE:DAN – Get Free Report) dropped 13.4% during mid-day trading on Friday . The company traded as low as C$0.28 and last traded at C$0.29. 424,290 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 314,342 shares. The stock had previously closed at C$0.34.
Arianne Phosphate Trading Down 9.9%
The company has a quick ratio of 1.68, a current ratio of 0.08 and a debt-to-equity ratio of 96.91. The stock has a fifty day simple moving average of C$0.34 and a 200 day simple moving average of C$0.32. The firm has a market capitalization of C$69.85 million, a P/E ratio of 10.75 and a beta of 1.25.
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.
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