Erdene Resource Development Co. (TSE:ERD – Get Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.38 and traded as high as C$0.40. Erdene Resource Development shares last traded at C$0.39, with a volume of 72,450 shares changing hands.
Erdene Resource Development Price Performance
The firm has a 50-day moving average price of C$0.38 and a two-hundred day moving average price of C$0.34. The firm has a market cap of C$134.38 million, a price-to-earnings ratio of -39.50 and a beta of 1.39. The company has a debt-to-equity ratio of 70.09, a quick ratio of 4.27 and a current ratio of 0.66.
Erdene Resource Development Company Profile
Erdene Resource Development Corporation focuses on the acquisition, exploration, and development of precious and base metal deposits in Mongolia. The company explores for copper, molybdenum, gold, silver, lead, and zinc deposits. Its principal projects are the Bayan Khundii Gold project and the Altan Nar Gold-Polymetallic project located in southwest Mongolia.
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