Erdene Resource Development Corporation

Erdene Resource Development Corporationverified

ERDCF

Price:

$0.48

Market Cap:

$232.57M

Erdene Resource Development Corporation focuses on the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. It explores for copper, molybdenum, gold, silver, lead, and zinc deposits. The company principally holds a 100% interest in the Bayan Khundii Gold Project comprising 2,309 hectares located in the Bayankhongor province in Mongolia; and the Altan Nar Gold-Polymetallic project located in located in the Bayankhongor Aimag. It also holds interests in three mining licenses and two exploration licenses located in southwest Mongolia. The company was formerly known as Erdene Gold Inc. and changed its name to Erdene Resource Development Corporation in May ...[Read more]

Industry

Industrial Materials

IPO Date

2010-04-26

Stock Exchange

PNK

Ticker

ERDCF

The Current Ratio as of November 2024 (TTM) for Erdene Resource Development Corporation (ERDCF) is 8.64

According to Erdene Resource Development Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 8.64. This represents a change of -32.24% compared to the average of 12.75 of the last 4 quarters.

Erdene Resource Development Corporation (ERDCF) Historical Current Ratio (quarterly & annually)

How has ERDCF Current Ratio performed in the past?

The mean historical Current Ratio of Erdene Resource Development Corporation over the last ten years is 11.72. The current 8.64 Current Ratio has changed 7.27% with respect to the historical average. Over the past ten years (40 quarters), ERDCF's Current Ratio was at its highest in in the March 2017 quarter at 49.38. The Current Ratio was at its lowest in in the March 2015 quarter at 0.21.

Quarterly (TTM)
Annual

Average

11.72

Median

9.25

Minimum

0.56

Maximum

31.22

Erdene Resource Development Corporation (ERDCF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Erdene Resource Development Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 269.60%

Maximum Annual Current Ratio = 31.22

Minimum Annual Increase = -85.90%

Minimum Annual Current Ratio = 0.56

Quarterly (TTM)
Annual
YearCurrent RatioChange
202331.22212.25%
202210.00-10.37%
202111.16-48.05%
202021.47152.81%
20198.490.50%
20188.45-52.67%
201717.85184.09%
20166.28269.60%
20151.70205.61%
20140.56-85.90%

Erdene Resource Development Corporation (ERDCF) Average Current Ratio

How has ERDCF Current Ratio performed in the past?

The current Current Ratio of Erdene Resource Development Corporation (ERDCF) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

17.46

5-year avg

16.47

10-year avg

11.72

Erdene Resource Development Corporation (ERDCF) Current Ratio vs. Peers

How is ERDCF’s Current Ratio compared to its peers?

Erdene Resource Development Corporation’s Current Ratio is greater than Aurelia Metals Limited (2.02), greater than Artemis Resources Limited (1.30), greater than Azimut Exploration Inc. (3.73), greater than Champion Bear Resources Ltd. (0.01), greater than Altiplano Metals Inc. (0.05), greater than Granite Creek Copper Ltd. (0.13), greater than Ascendant Resources Inc. (0.05), greater than Vendetta Mining Corp. (0.06), greater than Western Magnesium Corporation (0), greater than Ivanhoe Mines Ltd. (1.36), less than E3 Lithium Limited (31.63), greater than Talon Metals Corp. (2.75), greater than NGEx Minerals Ltd. (8.02), less than Boss Energy Limited (10.29), greater than Forum Energy Metals Corp. (2.29), greater than Global Atomic Corporation (0.19), less than Kraken Energy Corp. (13.29), greater than Aftermath Silver Ltd. (0.65), greater than Freegold Ventures Limited (6.25), less than Stillwater Critical Minerals Corp. (18.68), greater than Canasil Resources Inc. (0.36), greater than Orford Mining Corporation (1.27),

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