Erdene Resource Development Co. (TSE:ERD – Get Free Report)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.42 and traded as high as C$0.44. Erdene Resource Development shares last traded at C$0.44, with a volume of 116,800 shares trading hands.
Erdene Resource Development Stock Performance
The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.27 and a current ratio of 8.64. The company has a market cap of C$151.65 million, a PE ratio of -21.75 and a beta of 1.57. The company’s 50 day moving average price is C$0.42 and its 200-day moving average price is C$0.41.
Erdene Resource Development Company Profile
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.
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