Erdene Resource Development CorporationERD.TO

$5.15-0.18 (-3.38%)
TSXBasic Materials24:00 UTC

Company snapshot

Market Cap
$347M
Small-cap
+96%
2016 — today
10-Year Price
+207%
2016 — today
52-Week Range
$5.15$10.72
Current $5.15· 0%

Headquartered in Dartmouth, Canada, Erdene Resource Development Corporation focuses on the acquisition, exploration, and development of various precious and base mineral deposits across Mongolia. The company, which was incorporated in 2000 and changed its name from Erdene Gold Inc. in May 2008, primarily explores for metals such as copper, molybdenum, gold, silver, lead, and zinc. Its key assets include a wholly-owned 2,309-hectare Bayan Khundii Gold Project located in Mongolia's Bayankhongor province, and the Altan Nar Gold-Polymetallic project, also situated in the Bayankhongor Aimag. Additionally, Erdene holds five licenses in southwest Mongolia: three for mining and two for exploration.

Valuation in context

P/E ratio
78.4
Near historic high
Near historic highs — last 10 years
P/B ratio
4.0
Near historic low
Near historic low — last 10 years
FCF Yield
-1.8%
Around average
Around the 10-year average
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