Erdene Resource Development Co. (TSE:ERD – Get Free Report) 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 traded.
Erdene Resource Development Trading Down 1.3 %
The company has a current ratio of 0.66, a quick ratio of 4.27 and a debt-to-equity ratio of 70.09. The stock has a market cap of C$132.66 million, a P/E ratio of -38.50 and a beta of 1.39. The firm’s 50-day simple moving average is C$0.38 and its 200 day simple moving average is C$0.34.
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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