Arianne Phosphate (CVE:DAN) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Arianne Phosphate Inc. (CVE:DANGet Free Report) 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.

Arianne Phosphate Stock Up 3.1 %

The stock’s fifty day moving average price is C$0.16 and its 200 day moving average price is C$0.18. 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 stock has a market cap of C$33.48 million, a P/E ratio of -16.50 and a beta of 0.90.

Arianne Phosphate Company Profile

(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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