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Erdene Resource Development (TSE:ERD) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Written by MarketBeat
Updated September 5, 2025
Erdene Resource Development logo with Basic Materials background

Key Points

  • Erdene Resource Development Co. (TSE:ERD) surpassed its fifty-day moving average of C$0.97, trading as high as C$1.29, indicating a potential upward trend.
  • The company has a market capitalization of C$468.78 million and a negative P/E ratio of -42.67, reflecting challenges in profitability.
  • Insider transactions show 2176423 Ontario Ltd. bought 100,000 shares at C$0.91 each, indicating confidence in the company as insiders hold 22.51% of its stock.
  • Five stocks we like better than Erdene Resource Development.

Erdene Resource Development Co. (TSE:ERD - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.97 and traded as high as C$1.29. Erdene Resource Development shares last traded at C$1.28, with a volume of 570,289 shares traded.

Erdene Resource Development Price Performance

The stock's 50-day moving average is C$1.00 and its 200-day moving average is C$0.90. The stock has a market cap of C$2.81 billion, a price-to-earnings ratio of -42.61 and a beta of 0.98.

Insider Buying and Selling at Erdene Resource Development

In related news, insider 2176423 Ontario Ltd. purchased 100,000 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were bought at an average price of C$0.91 per share, for a total transaction of C$91,390.00. 22.51% of the stock is currently owned by company insiders.

About Erdene Resource Development

(Get Free Report)

Erdene Resource Development Corp is a Canadian-based resource exploration company. It is primarily engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company's project consists of Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar. The Bayan Khundii and Altan Nar project is located within the Tian-Shan copper-gold belt in southwest Mongolia from the Chinese border city of Ceke.

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