Erdene Resource Development Co. (TSE:ERD – Get Free Report) shares passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of C$6.27 and traded as low as C$5.81. Erdene Resource Development shares last traded at C$5.87, with a volume of 27,500 shares changing hands.
Erdene Resource Development Trading Down 1.0%
The company has a debt-to-equity ratio of 0.08, a current ratio of 58.38 and a quick ratio of 4.27. The firm’s fifty day moving average is C$6.28 and its two-hundred day moving average is C$6.02. The firm has a market capitalization of C$382.51 million, a PE ratio of 25.39 and a beta of 2.21.
Erdene Resource Development (TSE:ERD – Get Free Report) last posted its 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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