Erdene Resource Development (TSE:ERD) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Erdene Resource Development Co. (TSE:ERD) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.56 and traded as low as C$5.60. Erdene Resource Development shares last traded at C$5.87, with a volume of 29,760 shares traded.

Erdene Resource Development Trading Up 7.0%

The company’s 50 day moving average price is C$5.38 and its 200 day moving average price is C$6.56. The company has a debt-to-equity ratio of 0.09, a current ratio of 104.30 and a quick ratio of 4.27. The firm has a market cap of C$411.30 million, a PE ratio of 628.00 and a beta of 2.20.

Erdene Resource Development (TSE:ERD) last announced its earnings results on Wednesday, May 6th. The company reported C$0.07 earnings per share 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’).