Arianne Phosphate (CVE:DAN) Reaches New 52-Week Low – Here’s Why

Arianne Phosphate Inc. (CVE:DANGet Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.16 and last traded at C$0.17, with a volume of 46500 shares trading hands. The stock had previously closed at C$0.17.

Arianne Phosphate Price Performance

The company’s 50 day moving average is C$0.19 and its 200 day moving average is C$0.22. The company has a quick ratio of 1.68, a current ratio of 0.96 and a debt-to-equity ratio of 77.25. The firm has a market capitalization of C$33.48 million, a price-to-earnings ratio of -16.50 and a beta of 0.90.

Arianne Phosphate (CVE:DANGet Free Report) last announced its quarterly earnings data on Monday, August 26th. The company reported C($0.01) earnings per share (EPS) for the quarter. On average, equities research analysts anticipate that Arianne Phosphate Inc. will post -0.04 earnings per share for the current fiscal year.

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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