Erdene Resource Development Corporation (ERDCF)
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 $4.70, up 1.73% on the session, giving a market capitalisation of $307.0M. On trailing twelve-month figures it carries a trailing P/E of 94.99, a net margin of 0.0%. Its beta of 1.53 implies it has historically moved more than the broad market.
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 most often compared with the following Basic Materials names: