Shares of Erdene Resource Development Co. (TSE:ERD - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.58 and traded as high as C$0.60. Erdene Resource Development shares last traded at C$0.59, with a volume of 143,100 shares.
Erdene Resource Development Price Performance
The stock has a 50 day moving average of C$0.58 and a 200-day moving average of C$0.56. The stock has a market capitalization of C$209.18 million, a P/E ratio of -30.00 and a beta of 1.63. The company has a current ratio of 8.64, a quick ratio of 4.27 and a debt-to-equity ratio of 0.01.
About Erdene Resource Development
(
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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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