Erdene Resource Development Co. (TSE:ERD – Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.84 and traded as low as C$4.88. Erdene Resource Development shares last traded at C$5.18, with a volume of 120,696 shares traded.
Erdene Resource Development Stock Performance
The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.27 and a current ratio of 104.30. The stock’s 50-day simple moving average is C$5.57 and its two-hundred day simple moving average is C$6.84. The stock has a market cap of C$339.25 million, a price-to-earnings ratio of 518.00 and a beta of 2.19.
Erdene Resource Development (TSE:ERD – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.07 earnings per share (EPS) 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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