Arianne Phosphate (CVE:DAN) Sets New 1-Year Low – Here’s Why

Arianne Phosphate Inc. (CVE:DAN)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.17 and last traded at C$0.17, with a volume of 48859 shares changing hands. The stock had previously closed at C$0.18.

Arianne Phosphate Price Performance

The stock has a market capitalization of C$33.48 million, a price-to-earnings ratio of -17.00 and a beta of 0.90. The company has a current ratio of 0.96, a quick ratio of 1.68 and a debt-to-equity ratio of 77.25. The company’s 50 day moving average is C$0.19 and its 200 day moving average is C$0.21.

Arianne Phosphate (CVE:DAN) last released its quarterly earnings results on Monday, August 26th. The company reported C($0.01) earnings per share (EPS) for the quarter. Research analysts anticipate that Arianne Phosphate Inc. will post -0.04 EPS for the current fiscal year.

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.