Arianne Phosphate (CVE:DAN) Reaches New 1-Year Low – Here’s What Happened

Arianne Phosphate Inc. (CVE:DAN)’s stock price 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 traded. The stock had previously closed at C$0.17.

Arianne Phosphate Stock Performance

The firm has a market cap of C$36.52 million, a price-to-earnings ratio of -17.50 and a beta of 0.90. The stock has a 50-day moving average of C$0.19 and a 200-day moving average of C$0.21. The company has a debt-to-equity ratio of 77.25, a quick ratio of 1.68 and a current ratio of 0.96.

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

About Arianne Phosphate

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.