Erdene Resource Development Corporation (ERD.TO)
Erdene Resource Development Corporation operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Dartmouth, NS, CA. The stock last traded at $6.50, down 0.76% on the session, giving a market capitalisation of $2.38B. Its beta of 1.54 implies it has historically moved more than the broad market.
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.
Erdene Resource Development Corporation is most often compared with the following Basic Materials names: