Could Arianne Phosphate Inc Recover After Today’s Huge Decline?

 Could Arianne Phosphate Inc Recover After Today's Huge Decline?

The stock of Arianne Phosphate Inc (CVE:DAN) is a huge mover today! The stock decreased 5.81% or $0.05 on October 31, hitting $0.81. About 55,050 shares traded hands or 43.77% up from the average. Arianne Phosphate Inc (CVE:DAN) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.
The move comes after 6 months negative chart setup for the $76.43M company. It was reported on Oct, 31 by Barchart.com. We have $0.73 PT which if reached, will make CVE:DAN worth $7.64 million less.

More notable recent Arianne Phosphate Inc (CVE:DAN) news were published by: Midasletter.com which released: “Arianne Phosphate is a Takeout Target” on October 29, 2013, also Marketwatch.com with their article: “Arianne extends the term of warrants” published on October 13, 2016, Midasletter.com published: “Arianne Phosphate Scores Big with Bankable Feasibility Study” on October 25, 2013. More interesting news about Arianne Phosphate Inc (CVE:DAN) were released by: Etfdailynews.com and their article: “Harvest A Bumper Crop From Potash and Phosphate [Mosaic Co, Vale SA (ADR …” published on October 01, 2014 as well as Theglobeandmail.com‘s news article titled: “Potash’s poor cousin, phosphate, offers rich opportunities” with publication date: April 22, 2013.

Arianne Phosphate Inc., formerly Arianne Resources Inc., is a Canada development-stage phosphate mining company. The company has a market cap of $76.43 million. The Firm is engaged in the acquisition and exploration of mining properties in Quebec, Canada. It currently has negative earnings. The Firm operates through the segment of acquisition, exploration and development of mining properties.

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