Erdene Resource Development (TSE:ERD) Posts Earnings Results

Erdene Resource Development (TSE:ERD) announced its quarterly earnings results on Friday. The company reported C$0.15 EPS for the quarter, FiscalAI reports.

Erdene Resource Development Stock Down 1.4%

ERD stock opened at C$6.16 on Friday. The company has a market cap of C$403.44 million, a price-to-earnings ratio of 616.00 and a beta of 2.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.27 and a current ratio of 104.30. The business’s 50-day moving average is C$5.42 and its two-hundred day moving average is C$6.46. Erdene Resource Development has a fifty-two week low of C$4.54 and a fifty-two week high of C$10.95.

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’).