Erdene Resource Development Co. (TSE:ERD - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.53 and traded as low as C$0.53. Erdene Resource Development shares last traded at C$0.54, with a volume of 47,000 shares trading hands.
Erdene Resource Development Price Performance
The stock has a market cap of C$188.26 million, a price-to-earnings ratio of -27.00 and a beta of 1.63. The company has a 50 day simple moving average of C$0.61 and a 200-day simple moving average of C$0.53. 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
In related news, insider 2176423 Ontario Ltd. bought 234,000 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was bought 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 currently owned by company insiders.
About Erdene Resource Development
(
Get Free Report)
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.
Featured Articles
Before you consider Erdene Resource Development, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Erdene Resource Development wasn't on the list.
While Erdene Resource Development currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
