Erdene Resource Development Co. (TSE:ERD – Get Free Report)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.59 and traded as high as C$0.60. Erdene Resource Development shares last traded at C$0.58, with a volume of 79,893 shares.
Erdene Resource Development Stock Down 1.7 %
The firm has a market capitalization of C$202.21 million, a price-to-earnings ratio of -29.00 and a beta of 1.63. The stock has a fifty day moving average of C$0.59 and a two-hundred day moving average of C$0.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.64 and a quick ratio of 4.27.
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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