Erdene Resource Development Co. (TSE:ERD – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.58 and traded as high as C$0.60. Erdene Resource Development shares last traded at C$0.59, with a volume of 143,100 shares trading hands.
Erdene Resource Development Stock Down 1.7 %
The firm has a 50-day simple moving average of C$0.58 and a 200 day simple moving average of C$0.55. The company has a market capitalization of C$205.69 million, a PE ratio of -29.50 and a beta of 1.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.64 and a quick ratio of 4.27.
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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