Erdene Resource Development (TSE:ERD) Releases Quarterly Earnings Results

Erdene Resource Development (TSE:ERD) posted its earnings results on Wednesday. The company reported C$0.14 earnings per share for the quarter, FiscalAI reports.

Erdene Resource Development Price Performance

Shares of ERD traded up C$0.29 on Wednesday, hitting C$5.45. The company’s stock had a trading volume of 65,034 shares, compared to its average volume of 110,554. The company has a market capitalization of C$356.97 million, a PE ratio of 23.70 and a beta of 2.21. Erdene Resource Development has a fifty-two week low of C$4.54 and a fifty-two week high of C$10.20. The company has a 50 day moving average price of C$6.07 and a 200 day moving average price of C$6.44. The company has a debt-to-equity ratio of 0.08, a current ratio of 58.38 and a quick ratio of 4.27.

About Erdene Resource Development

Erdene Resource Development Corp. is a Canada-based resource company producing gold at the high-grade, low-cost Bayan Khundii Gold Mine in underexplored and highly prospective Mongolia. The Company has interests in a portfolio of precious and base metal projects near the Bayan Khundii Gold Mine in the Khundii Minerals District, which provides a robust organic growth pipeline. Erdene Resource Development Corp. is listed on the Toronto (‘ERD’) and the Mongolian stock (‘ERDN’) exchanges and OTCQX Market (‘ERDCF’).