Erdene Resource Development Co. (TSE:ERD – Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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 Price Performance
The stock has a market capitalization of C$202.21 million, a price-to-earnings ratio of -29.00 and a beta of 1.63. 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 50 day moving average of C$0.59 and a 200 day moving average of C$0.54.
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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