Erdene Resource Development Co. (TSE:ERD – Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$6.46 and traded as low as C$6.13. Erdene Resource Development shares last traded at C$6.16, with a volume of 50,402 shares trading hands.
Erdene Resource Development Stock Down 1.4%
The company has a market capitalization of C$403.44 million, a P/E ratio of 616.00 and a beta of 2.20. The business’s fifty day moving average price is C$5.42 and its 200 day moving average price is C$6.46. The company has a current ratio of 104.30, a quick ratio of 4.27 and a debt-to-equity ratio of 0.09.
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 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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