Arianne Phosphate (OTCMKTS:DRRSF) Stock Moves Up 10% in a Week On Unusual Volume
Arianne Phosphate (OTCMKTS:DRRSF) is up 10% in a week. The company has announced that after preliminary test work carried out in conjunction with various battery industry participants, it is now sending a high-purity phosphate sample for enhanced analysis.
Market Stats
On Thursday, DRRSF stock rose 8.50% at $0.4427 with more than 241K shares, compared to its average volume of 76K shares. The stock has moved within a range of $0.4280 – 0.4500 after opening the trade at $0.44.
Furthers Its Work On Advanced Battery Technologies
The next testing stage is meant to meet certain specifications offered by a leading battery producer through an MoU and via an independent facility that produces purified phosphoric acid.
The company’s president Brian Ostroff said that the advantage of the company’s high purity concentratesit works for a range of spectrum need ranging from the production of fertilizer to advanced applications.
Ostroff said that based on additional tests, LFOS would offer a significant market opportunity for the company as it concludes offtake and collaboration agreement to unlock and advance value for the Lac a Paul project. Currently, the fertilizer market is facing considerable supply disruptions, and the company’s position in a safe geopolitical climate offers security for partners looking for phosphate sources. So in the coming weeks, DRRSF is worth watching.
Key Quote
“The beauty of Arianne’s high-purity concentrate is that it works across a wide spectrum of needs, from fertilizer through to more advanced applications,” said Brian Ostroff, President of Arianne Phosphate. “Based on further tests, LFPs could provide an exciting new potential market for our Company as we look to conclude offtake and partnership agreements to advance, and unlock, the considerable value of our Lac à Paul project. As with the fertilizer industry, which is now suffering significant supply disruptions, Arianne’s location in a safe geopolitical environment provides security of supply for those looking to source their phosphate.”
Traders Corner
DRRSF stock is above below the 20-Day and 50-Day Moving averages of $0.37 and $0.31 respectively. Moreover, the stock is trading above 200-Day moving average of $0.31. The stock is down 84% in the past 3-month.
