Shares of Erdene Resource Development Co. (TSE:ERD – Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$5.72 and traded as high as C$6.62. Erdene Resource Development shares last traded at C$6.27, with a volume of 15,472 shares changing hands.
Erdene Resource Development Trading Up 0.8%
The stock has a market cap of C$429.02 million, a PE ratio of 28.48 and a beta of 2.20. The firm has a 50-day simple moving average of C$5.79 and a 200-day simple moving average of C$6.27. The company has a quick ratio of 4.27, a current ratio of 58.38 and a debt-to-equity ratio of 0.08.
Erdene Resource Development (TSE:ERD – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported C$0.15 earnings per share (EPS) for the quarter.
About Erdene Resource Development
Erdene Resource Development Corp. is a Canada-based resource company producing gold at the high-grade, low-cost Bayan Khundii Gold Mine in underexplored and highly prospective Mongolia. The Company has interests in a portfolio of precious and base metal projects near the Bayan Khundii Gold Mine in the Khundii Minerals District, which provides a robust organic growth pipeline. Erdene Resource Development Corp. is listed on the Toronto (‘ERD’) and the Mongolian stock (‘ERDN’) exchanges and OTCQX Market (‘ERDCF’).
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