Erdene Resource Development (TSE:ERD) Stock Price Crosses Above 50 Day Moving Average of $0.38

Erdene Resource Development Co. (TSE:ERD) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 Price Performance

The company has a debt-to-equity ratio of 70.09, a quick ratio of 4.27 and a current ratio of 0.66. The business’s 50 day moving average price is C$0.38 and its 200 day moving average price is C$0.34. The firm has a market cap of C$134.38 million, a price-to-earnings ratio of -39.50 and a beta of 1.39.

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.