Erdene Resource Development Co. (TSE:ERD - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.52 and traded as high as C$0.56. Erdene Resource Development shares last traded at C$0.55, with a volume of 80,298 shares traded.
Erdene Resource Development Trading Down 5.5 %
The company has a current ratio of 8.64, a quick ratio of 4.27 and a debt-to-equity ratio of 0.01. The company has a market cap of C$181.29 million, a PE ratio of -26.00 and a beta of 1.63. The stock has a 50 day moving average price of C$0.63 and a 200 day moving average price of C$0.52.
Insiders Place Their Bets
In other Erdene Resource Development news, insider 2176423 Ontario Ltd. bought 234,000 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was purchased at an average cost of C$0.67 per share, for a total transaction of C$157,271.40. 22.51% of the stock is owned by corporate insiders.
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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