Erdene Resource Development (TSE:ERD) Shares Pass Above 50 Day Moving Average - Should You Sell?

Shares of Erdene Resource Development Co. (TSE:ERD - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.52 and traded as high as C$0.72. Erdene Resource Development shares last traded at C$0.72, with a volume of 103,830 shares trading hands.

Erdene Resource Development Price Performance

The company has a quick ratio of 4.27, a current ratio of 8.64 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of C$0.52 and a two-hundred day simple moving average of C$0.45. The stock has a market capitalization of C$251.01 million, a P/E ratio of -36.00 and a beta of 1.63.

Insider Activity

In other Erdene Resource Development news, insider 2176423 Ontario Ltd. acquired 458,500 shares of Erdene Resource Development stock in a transaction on Wednesday, September 25th. The shares were bought at an average price of C$0.60 per share, with a total value of C$274,962.45. 22.51% of the stock is owned by corporate insiders.

Erdene Resource Development Company Profile

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.