Shares of Erdene Resource Development Co. (TSE:ERD – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.53 and traded as low as C$0.53. Erdene Resource Development shares last traded at C$0.54, with a volume of 47,000 shares.
Erdene Resource Development Stock Up 1.9 %
The stock has a market cap of C$188.26 million, a P/E ratio of -27.00 and a beta of 1.63. The stock’s 50-day moving average is C$0.61 and its 200-day moving average is C$0.53. The company has a current ratio of 8.64, a quick ratio of 4.27 and a debt-to-equity ratio of 0.01.
Insider Activity
In other news, insider 2176423 Ontario Ltd. bought 234,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was acquired at an average price of C$0.67 per share, with a total value of C$157,271.40. Insiders own 22.51% of the company’s stock.
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.
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