Erdene Resource Development Co. (TSE:ERD – Get Free Report)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.43 and traded as high as C$0.44. Erdene Resource Development shares last traded at C$0.44, with a volume of 89,000 shares trading hands.
Erdene Resource Development Stock Performance
The firm has a market cap of C$151.65 million, a PE ratio of -21.75 and a beta of 1.58. 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 firm’s 50 day moving average price is C$0.43 and its two-hundred day moving average price is C$0.42.
About Erdene Resource Development
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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