Erdene Resource Development (ERD) Stock Price, News & Analysis

Company Overview

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. Erdene Resource Development Corporation was incorporated in 2000 and is headquartered in Dartmouth, Canada.

Key Stats

• Today's Range: C$0.60 to C$0.62
• 50-Day Range: C$0.44 to C$0.78
• 52-Week Range: C$0.29 to C$0.79
• Volume: 84,379 shs
• Average Volume: 159,701 shs
• Market Capitalization: C$216.15 million
• P/E Ratio: N/A
• Dividend Yield: 1.78%
• Price Target: N/A
• Consensus Rating: N/A

ERD Stock Analysis - Frequently Asked Questions

How have ERD shares performed this year?

Erdene Resource Development's stock was trading at C$0.36 at the beginning of 2024. Since then, ERD shares have increased by 74.6% and is now trading at C$0.62.
View the best growth stocks for 2024 here.

How do I buy shares of Erdene Resource Development?

Shares of ERD stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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What other stocks do shareholders of Erdene Resource Development own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Erdene Resource Development investors own include Turquoise Hill Resources (TRQ), Wheaton Precious Metals (WPM), Gear Energy (GXE), Turquoise Hill Resources (TRQ), Freehold Royalties (FRU), Galiano Gold (AKG) and AltaGas (ALA).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Other Industrial Metals & Mining
• Sub-Industry: N/A
• Current Symbol: TSE:ERD
• CUSIP: N/A
• CIK: N/A
• Web: www.erdene.com
• Phone: +1-902-4236419
• Fax: N/A
• Employees: 60
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): C($0.02)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: C$-6,920,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -13.14%
• Return on Assets: -6.56%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 8.64
• Quick Ratio: 4.27

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: C$0.02 per share
• Price / Cash Flow: 30.56
• Book Value: C$0.16 per share
• Price / Book: 3.75

Miscellaneous

• Outstanding Shares: 348,630,000
• Free Float: N/A
• Market Cap: C$209.18 million
• Optionable: Not Optionable
• Beta: 1.63