Arianne Phosphate (CVE:DAN) Reaches New 12-Month Low – Time to Sell?

Arianne Phosphate Inc. (CVE:DANGet Free Report) reached a new 52-week low on Tuesday . The company traded as low as C$0.15 and last traded at C$0.14, with a volume of 74543 shares. The stock had previously closed at C$0.15.

Arianne Phosphate Price Performance

The company has a market cap of C$29.42 million, a PE ratio of -14.50 and a beta of 0.90. 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 business has a 50-day simple moving average of C$0.16 and a 200-day simple moving average of C$0.18.

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 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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