Erdene Resource Development (TSE:ERD) Releases Quarterly Earnings Results

Erdene Resource Development (TSE:ERD) issued its earnings results on Friday. The company reported C$0.15 earnings per share (EPS) for the quarter, FiscalAI reports.

Erdene Resource Development Stock Performance

TSE ERD traded down C$0.09 during trading on Friday, reaching C$6.16. 50,402 shares of the company’s stock were exchanged, compared to its average volume of 138,055. The business has a 50 day moving average price of C$5.40 and a 200-day moving average price of C$6.46. The stock has a market capitalization of C$403.44 million, a P/E ratio of 616.00 and a beta of 2.20. The company has a debt-to-equity ratio of 0.09, a current ratio of 104.30 and a quick ratio of 4.27. Erdene Resource Development has a fifty-two week low of C$4.54 and a fifty-two week high of C$10.95.

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’).