Erdene Resource Development (TSE:ERD) Stock Passes Below 200 Day Moving Average – Here’s What Happened
by Michael Walen · The Markets DailyErdene Resource Development Co. (TSE:ERD – Get Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$6.99 and traded as low as C$4.93. Erdene Resource Development shares last traded at C$5.05, with a volume of 70,279 shares.
Erdene Resource Development Stock Performance
The company has a market capitalization of C$330.74 million, a price-to-earnings ratio of 505.00 and a beta of 2.19. The company has a debt-to-equity ratio of 0.09, a current ratio of 104.30 and a quick ratio of 4.27. The stock has a 50 day moving average price of C$5.72 and a two-hundred day moving average price of C$6.99.
Erdene Resource Development (TSE:ERD – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.07 earnings per share (EPS) for the quarter.
Erdene Resource Development Company Profile
Erdene Resource Development Corp. is a Canada-based resource company producing gold at the high-grade, low-cost Bayan Khundii Gold Mine in underexplored and highly prospective Mongolia. The Company has interests in a portfolio of precious and base metal projects near the Bayan Khundii Gold Mine in the Khundii Minerals District, which provides a robust organic growth pipeline. Erdene Resource Development Corp. is listed on the Toronto (‘ERD’) and the Mongolian stock (‘ERDN’) exchanges and OTCQX Market (‘ERDCF’).