Erdene Resource Development (TSE:ERD) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Erdene Resource Development Co. (TSE:ERD) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$5.56 and traded as high as C$6.85. Erdene Resource Development shares last traded at C$6.77, with a volume of 17,172 shares traded.

Erdene Resource Development Trading Down 0.7%

The firm has a market capitalization of C$445.39 million, a P/E ratio of 29.57 and a beta of 2.20. The company has a current ratio of 58.38, a quick ratio of 4.27 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average of C$5.58 and a two-hundred day moving average of C$6.34.

Erdene Resource Development (TSE:ERD) last released its quarterly earnings data on Friday, August 14th. The company reported C$0.15 earnings per share (EPS) for the quarter.

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’).