Erdene Resource Development (TSE:ERD) Stock Price Crosses Above 50-Day Moving Average of $0.24

Erdene Resource Development Corp. (TSE:ERD) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.24 and traded as high as $0.23. Erdene Resource Development shares last traded at $0.22, with a volume of 23,500 shares trading hands.

The firm has a market capitalization of $42.31 million and a price-to-earnings ratio of -12.94. The firm’s 50-day simple moving average is C$0.23 and its 200 day simple moving average is C$0.21.

Erdene Resource Development Company Profile (TSE:ERD)

Erdene Resource Development Corporation engages in the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. The company explores for copper, molybdenum, gold, silver, lead, and zinc deposits. It has interests in four exploration licenses and a mining license in the Khundii Gold District located in Southwest Mongolia.

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