Erdene Resource Development (ERD) Stock Price, News & Analysis

Company Overview

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. The Zuun Mod project is located within 200 kilometres of China's border in Mongolia's Bayankhongor Province. The Khuvyn Khar copper-silver project is located on the Zuun Mod property, approximately 2.2 kilometres northwest of the Zuun Mod molybdenum-copper porphyry deposit.

Key Stats

• Today's Range: C$8.77 to C$9.35
• 50-Day Range: C$0.93 to C$10.72
• 52-Week Range: C$3.00 to C$10.95
• Volume: 186,159 shs
• Average Volume: 81,607 shs
• Market Capitalization: C$542.25 million
• P/E Ratio: N/A
• Dividend Yield: 1.78%
• Price Target: N/A
• Consensus Rating: N/A

ERD Stock Analysis - Frequently Asked Questions

How have ERD shares performed this year?

Erdene Resource Development's stock was trading at C$0.56 on January 1st, 2025. Since then, ERD shares have increased by 1,485.7% and is now trading at C$8.88.

How do I buy shares of Erdene Resource Development?

Shares of ERD stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of Erdene Resource Development own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Erdene Resource Development investors own include Turquoise Hill Resources (TRQ), Wheaton Precious Metals (WPM), Gear Energy (GXE), Turquoise Hill Resources (TRQ), Freehold Royalties (FRU), Galiano Gold (AKG) and AltaGas (ALA).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Other Industrial Metals & Mining
• Sub-Industry: N/A
• Current Symbol: TSE:ERD
• CIK: N/A
• Web: www.erdene.com
• Phone: +1-902-4236419
• Fax: N/A
• Employees: 60
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): C($0.18)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -C$887.99 thousand
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -1.51%
• Return on Assets: -6.56%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 6.10
• Quick Ratio: 4.27

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: C$0.29 per share
• Price / Cash Flow: 30.56
• Book Value: C$0.16 per share
• Price / Book: 55.40

Miscellaneous

• Outstanding Shares: 61,064,000
• Free Float: N/A
• Market Cap: C$542.25 million
• Optionable: Not Optionable
• Beta: 1.23