Erdene Resource Development (TSE:ERD) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Erdene Resource Development Co. (TSE:ERD) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$7.11 and traded as low as C$5.31. Erdene Resource Development shares last traded at C$5.62, with a volume of 19,971 shares trading hands.

Erdene Resource Development Stock Up 4.7%

The firm has a market cap of C$368.07 million, a price-to-earnings ratio of 562.00 and a beta of 2.09. The firm’s 50 day moving average price is C$5.83 and its two-hundred day moving average price is C$7.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 104.30 and a quick ratio of 4.27.

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