Erdene Resource Development Co. (TSE:ERD – Get Free Report)’s share price crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$6.19 and traded as high as C$6.23. Erdene Resource Development shares last traded at C$6.18, with a volume of 31,782 shares.
Erdene Resource Development Trading Down 0.8%
The company has a debt-to-equity ratio of 0.08, a current ratio of 58.38 and a quick ratio of 4.27. The stock has a market capitalization of C$404.78 million, a price-to-earnings ratio of 26.87 and a beta of 2.14. The business has a 50 day simple moving average of C$6.19 and a 200-day simple moving average of C$6.08.
Erdene Resource Development (TSE:ERD – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported C$0.15 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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