Shares of Erdene Resource Development Co. (TSE:ERD – Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$5.89 and traded as high as C$6.75. Erdene Resource Development shares last traded at C$6.69, with a volume of 31,041 shares traded.
Erdene Resource Development Trading Up 2.6%
The company’s fifty day moving average is C$5.89 and its two-hundred day moving average is C$6.23. The company has a quick ratio of 4.27, a current ratio of 58.38 and a debt-to-equity ratio of 0.08. The stock has a market cap of C$438.19 million, a price-to-earnings ratio of 29.09 and a beta of 2.14.
Erdene Resource Development (TSE:ERD – Get Free Report) last posted 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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