Erdene Resource Development (TSE:ERD) Share Price Passes Above Fifty Day Moving Average of $0.24

Erdene Resource Development Corp. (TSE:ERD) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.24 and traded as high as $0.23. Erdene Resource Development shares last traded at $0.22, with a volume of 23,500 shares traded.

The business has a 50-day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.21. The stock has a market cap of $42.31 million and a price-to-earnings ratio of -12.94.

About Erdene Resource Development (TSE:ERD)

Erdene Resource Development Corporation engages in the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. The company explores for copper, molybdenum, gold, silver, lead, and zinc deposits. It has interests in four exploration licenses and a mining license in the Khundii Gold District located in Southwest Mongolia.

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