Erdene Resource Development Co. (TSE:ERD – Get Free Report)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.59 and traded as high as C$0.60. Erdene Resource Development shares last traded at C$0.58, with a volume of 79,893 shares trading hands.
Erdene Resource Development Price Performance
The company has a quick ratio of 4.27, a current ratio of 8.64 and a debt-to-equity ratio of 0.01. The company has a market cap of C$202.21 million, a PE ratio of -29.00 and a beta of 1.63. The stock has a 50-day simple moving average of C$0.59 and a 200 day simple moving average of C$0.54.
About Erdene Resource Development
Erdene Resource Development Corporation focuses on the exploration and development of precious and base metal deposits in Mongolia. The company explores for copper, molybdenum, gold, silver, lead, and zinc deposits. The company was formerly known as Erdene Gold Inc and changed its name to Erdene Resource Development Corporation in May 2008.
Featured Articles
- Five stocks we like better than Erdene Resource Development
- What is a Secondary Public Offering? What Investors Need to Know
- Driving Forward: Lucid’s Growing Sales and Gravity SUV’s Impact
- Upcoming IPO Stock Lockup Period, Explained
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- What is the S&P/TSX Index?
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
Receive News & Ratings for Erdene Resource Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Erdene Resource Development and related companies with MarketBeat.com's FREE daily email newsletter.
