Erdene Resource Development Co. (TSE:ERD - Get Free Report)'s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.62 and traded as low as C$0.60. Erdene Resource Development shares last traded at C$0.61, with a volume of 124,368 shares trading hands.
Erdene Resource Development Stock Performance
The company has a market capitalization of C$212.66 million, a P/E ratio of -30.50 and a beta of 1.63. The stock has a fifty day simple moving average of C$0.62 and a 200-day simple moving average of C$0.50. The company has a quick ratio of 4.27, a current ratio of 8.64 and a debt-to-equity ratio of 0.01.
Insider Buying and Selling at Erdene Resource Development
In other Erdene Resource Development news, insider 2176423 Ontario Ltd. bought 234,000 shares of Erdene Resource Development stock in a transaction dated Wednesday, October 2nd. The shares were bought at an average price of C$0.67 per share, with a total value of C$157,271.40. Corporate insiders own 22.51% of the company's stock.
Erdene Resource Development Company Profile
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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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