Shares of Erdene Resource Development Co. (TSE:ERD – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.71 and traded as low as C$5.13. Erdene Resource Development shares last traded at C$5.31, with a volume of 37,792 shares.
Erdene Resource Development Stock Down 2.2%
The company has a debt-to-equity ratio of 0.09, a current ratio of 104.30 and a quick ratio of 4.27. The firm has a market cap of C$352.35 million, a price-to-earnings ratio of 538.00 and a beta of 2.19. The firm has a 50 day moving average price of C$5.46 and a 200-day moving average price of C$6.69.
Erdene Resource Development (TSE:ERD – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.07 EPS for the quarter.
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’).
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