Erdene Resource Development Corporation (ERDCF) Stock
Erdene Resource Development Corporation (ERDCF) is a mining firm primarily focused on identifying, acquiring, and advancing precious and base metal resources across Mongolia. The company's exploration activities specifically target deposits rich in copper, molybdenum, gold, silver, lead, and zinc.
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About Erdene Resource Development Corporation
Erdene Resource Development Corporation (ERDCF) is a mining firm primarily focused on identifying, acquiring, and advancing precious and base metal resources across Mongolia. The company's exploration activities specifically target deposits rich in copper, molybdenum, gold, silver, lead, and zinc. ERDCF's primary assets include its 100% ownership of the 2,309-hectare Bayan Khundii Gold Project, situated in Mongolia's Bayankhongor province. Another key holding is the Altan Nar Gold-Polymetallic project, also located within the Bayankhongor Aimag. Beyond these, the firm maintains positions in five additional licenses (three for mining and two for exploration) situated across southwestern Mongolia. Prior to May 2008, the company was known as Erdene Gold Inc., subsequently rebranding to its current name. Founded in 2000, the company's corporate headquarters are based in Dartmouth, Canada.
Erdene Resource Development Corporation is headquartered in CA.
Erdene Resource Development Corporation (ERDCF) stock trades at $3.80 with a market capitalization of $248.38M. The stock is valued at a price-to-earnings (P/E) ratio of 79.35, price-to-book of 4.02, price-to-sales of 0.00. Over the past 52 weeks the stock has ranged between $2.97 and $7.91, and currently trades 52.0% below its 52-week high.
On profitability, Erdene Resource Development Corporation generates a return on equity (ROE) of 1.72%, return on capital employed of -7.18%, an operating margin of 0.00%, a net profit margin of 0.00%.
Official website: www.erdene.com