Erdene Resource Development Corporation
ERD.TO
Price:
$0.5
Market Cap:
$174.32M
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
2004-05-07
Stock Exchange
TSX
Ticker
ERD.TO
The PE Ratio as of September 2024 (TTM) for Erdene Resource Development Corporation (ERD.TO) is -25.00
According to Erdene Resource Development Corporation’s latest financial reports and current stock price. The company's current PE Ratio is -25.00. This represents a change of 109.86% compared to the average of -11.91 of the last 4 quarters.
Erdene Resource Development Corporation (ERD.TO) Historical PE Ratio (quarterly & annually)
How has ERD.TO PE Ratio performed in the past?
The mean historical PE Ratio of Erdene Resource Development Corporation over the last ten years is 12.32. The current -25.00 PE Ratio has changed -20398.94% with respect to the historical average. Over the past ten years (40 quarters), ERD.TO's PE Ratio was at its highest in in the December 2023 quarter at 5.70. The PE Ratio was at its lowest in in the September 2016 quarter at -158.21.
Average
12.32
Median
-8.52
Minimum
-32.80
Maximum
235.27
Erdene Resource Development Corporation (ERD.TO) PE Ratio by Quarter and Year
Discovering the peaks and valleys of Erdene Resource Development Corporation PE 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 = 2.69%
Maximum Annual PE Ratio = 235.27
Minimum Annual Increase = -5036.60%
Minimum Annual PE Ratio = -32.80
| Year | PE Ratio | Change |
|---|---|---|
| 2023 | 235.27 | -5036.60% |
| 2022 | -4.77 | -77.60% |
| 2021 | -21.28 | 254.23% |
| 2020 | -6.01 | -46.73% |
| 2019 | -11.28 | 2.27% |
| 2018 | -11.03 | -47.33% |
| 2017 | -20.94 | -36.17% |
| 2016 | -32.80 | 2.69% |
| 2015 | -1.18 | -58.59% |
| 2014 | -2.84 | -4.68% |
Erdene Resource Development Corporation (ERD.TO) Average PE Ratio
How has ERD.TO PE Ratio performed in the past?
The current PE Ratio of Erdene Resource Development Corporation (ERD.TO) 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
69.74
5-year avg
38.39
10-year avg
12.32
Erdene Resource Development Corporation (ERD.TO) PE Ratio vs. Peers
How is ERD.TO’s PE Ratio compared to its peers?
Erdene Resource Development Corporation’s PE Ratio is less than KORE Mining Ltd. (-5.19), less than Canagold Resources Ltd. (-14.44), greater than Grande Portage Resources Ltd. (-35.24), less than Bluestone Resources Inc. (-3.96), less than null (0),
| Company | PE Ratio | Market cap |
|---|---|---|
| -5.19 | $7.08M | |
| -14.44 | $59.33M | |
| -35.24 | $27.65M | |
| -3.96 | $41.10M | |
| 0 | $0 |
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