Erdene Resource Development (TSE:ERD – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported C$0.14 EPS for the quarter, FiscalAI reports.
Erdene Resource Development Stock Up 5.6%
Erdene Resource Development stock opened at C$5.45 on Thursday. The firm has a market cap of C$356.97 million, a PE ratio of 23.70 and a beta of 2.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.27 and a current ratio of 58.38. The firm’s 50 day moving average price is C$6.07 and its two-hundred day moving average price is C$6.44. Erdene Resource Development has a twelve month low of C$4.54 and a twelve month high of C$10.20.
About Erdene Resource Development
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’).
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