Arianne Phosphate (CVE:DAN) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Arianne Phosphate Inc. (CVE:DANGet Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.18 and traded as low as C$0.16. Arianne Phosphate shares last traded at C$0.17, with a volume of 40,895 shares traded.

Arianne Phosphate Stock Performance

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 company has a market capitalization of C$33.48 million, a PE ratio of -16.50 and a beta of 0.90. The company has a 50-day moving average price of C$0.16 and a two-hundred day moving average price 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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