ERDCF
Price:
$3.76
Market Cap:
$1.89B
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 Mongo...[Read more]
Industry
Industrial Materials
IPO Date
2010-04-26
Stock Exchange
OTC
Ticker
ERDCF
According to Erdene Resource Development Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 104.30. This represents a change of 254.57% compared to the average of 29.42 of the last 4 quarters.
The mean historical Current Ratio of Erdene Resource Development Corporation over the last ten years is 12.79. The current 104.30 Current Ratio has changed 81.45% 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 2026 quarter at 104.30. The Current Ratio was at its lowest in in the September 2023 quarter at 0.66.
Average
12.79
Median
9.72
Minimum
3.54
Maximum
31.22
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 = -69.79%
Minimum Annual Current Ratio = 3.54
| Year | Current Ratio | Change |
|---|---|---|
| 2025 | 3.54 | -62.51% |
| 2024 | 9.43 | -69.79% |
| 2023 | 31.22 | 212.25% |
| 2022 | 10.00 | -10.37% |
| 2021 | 11.16 | -48.05% |
| 2020 | 21.47 | 152.81% |
| 2019 | 8.49 | 0.50% |
| 2018 | 8.45 | -52.67% |
| 2017 | 17.85 | 184.09% |
| 2016 | 6.28 | 269.60% |
The current Current Ratio of Erdene Resource Development Corporation (ERDCF) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
14.73
5-year avg
13.07
10-year avg
12.79
Erdene Resource Development Corporation’s Current Ratio is greater than Entrée Resources Ltd. (12.25), greater than NorthIsle Copper and Gold Inc. (53.53), greater than Worry Free Holdings Company (25.64), greater than Metro Mining Limited (0.84), greater than CITIC Resources Holdings Limited (1.63), greater than Benz Mining Corp. (5.51), greater than Ecora Royalties PLC (1.20), greater than Meridian Mining UK Societas (1.76), greater than Aurelia Metals Limited (1.12), greater than ioneer Ltd (8.58),
| Company | Current Ratio | Market cap |
|---|---|---|
| 12.25 | $406.72M | |
| 53.53 | $670.76M | |
| 25.64 | $3.00M | |
| 0.84 | $338.39M | |
| 1.63 | $344.95M | |
| 5.51 | $387.84M | |
| 1.20 | $468.97M | |
| 1.76 | $464.34M | |
| 1.12 | $344.27M | |
| 8.58 | $298.24M |
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