Erdene Resource Development Co. (TSE:ERD – Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$5.89 and traded as high as C$6.75. Erdene Resource Development shares last traded at C$6.69, with a volume of 31,041 shares changing hands.
Erdene Resource Development Stock Up 1.8%
The company has a current ratio of 58.38, a quick ratio of 4.27 and a debt-to-equity ratio of 0.08. The company has a 50-day simple moving average of C$5.92 and a 200 day simple moving average of C$6.22. The company has a market cap of C$417.88 million, a P/E ratio of 27.74 and a beta of 2.14.
Erdene Resource Development (TSE:ERD – Get Free Report) last released its earnings results on Friday, August 14th. The company reported C$0.15 earnings per share for the quarter.
Erdene Resource Development Company Profile
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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