Bayarmaa Bagabandi - Erdene Resource Chief Administrative Officer

ERD Stock  CAD 0.57  0.01  1.72%   

Insider

Bayarmaa Bagabandi is Chief Administrative Officer of Erdene Resource Development since 2005.
Tenure 19 years
Address Metropolitan Place, Dartmouth, NS, Canada, B3A 4S5
Phone902 423 6419
Webhttps://www.erdene.com

Erdene Resource Management Efficiency

The company has return on total asset (ROA) of (0.0656) % which means that it has lost $0.0656 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1314) %, meaning that it generated substantial loss on money invested by shareholders. Erdene Resource's management efficiency ratios could be used to measure how well Erdene Resource manages its routine affairs as well as how well it operates its assets and liabilities. As of the 10th of December 2024, Return On Tangible Assets is likely to grow to 0.01. Also, Return On Capital Employed is likely to grow to 0.07. At this time, Erdene Resource's Debt To Assets are very stable compared to the past year. As of the 10th of December 2024, Return On Assets is likely to grow to 0.01, while Total Assets are likely to drop about 30 M.
Erdene Resource Development has accumulated 22.94 K in total debt with debt to equity ratio (D/E) of 1.04, which is about average as compared to similar companies. Erdene Resource Deve has a current ratio of 1.83, which is within standard range for the sector. Debt can assist Erdene Resource until it has trouble settling it off, either with new capital or with free cash flow. So, Erdene Resource's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Erdene Resource Deve sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Erdene to invest in growth at high rates of return. When we think about Erdene Resource's use of debt, we should always consider it together with cash and equity.

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Erdene Resource Development Corporation focuses in the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. Erdene Resource Development Corporation was incorporated in 2000 and is headquartered in Dartmouth, Canada. ERDENE RESOURCE operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange. Erdene Resource Development (ERD) is traded on Toronto Exchange in Canada and employs 470 people. Erdene Resource is listed under Diversified Metals & Mining category by Fama And French industry classification.

Management Performance

Erdene Resource Deve Leadership Team

Elected by the shareholders, the Erdene Resource's board of directors comprises two types of representatives: Erdene Resource inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Erdene. The board's role is to monitor Erdene Resource's management team and ensure that shareholders' interests are well served. Erdene Resource's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Erdene Resource's outside directors are responsible for providing unbiased perspectives on the board's policies.
Robert Jenkins, Chief Financial Officer
Diane Webber, Director Communications
Peter BSc, CEO President
Peter Akerley, President, Chief Executive Officer, Director
Philip Webster, Independent Director
D Frazer, Corporate Secretary
Hedley Widdup, Independent Director
Cameron McRae, Non-Executive Independent Director
John Byrne, Independent Director
Peter Dalton, Senior Geologist
Byambasaikhan Bayanjargal, Non-Executive Independent Director
Gendenjamtsyn BatErdene, Senior Geologist
Darryn Broderick, Director of Finance
David Mosher, Independent Director
Michael BSc, Vice Exploration
Jon Lyons, Vice President of Regulatory Affairs and Strategy
Michael Gillis, Vice President Exploration and Operations
Bayarmaa Bagabandi, Chief Administrative Officer
Kenneth MacDonald, CFO, Vice President - Business Strategy
Suzan LLB, Corporate Secretary
Michael Corey, Chief Mongolia
William Burton, Independent Director
Bilguun Ankhbayar, Vice President - Business Development
Anna Biolik, Independent Director
Thomas Croft, Non-Executive Independent Director

Erdene Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Erdene Resource a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Erdene Resource

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Erdene Resource position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Erdene Resource will appreciate offsetting losses from the drop in the long position's value.

Moving together with Erdene Stock

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Moving against Erdene Stock

  0.47NG NovaGold ResourcesPairCorr
The ability to find closely correlated positions to Erdene Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erdene Resource when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Erdene Resource - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Erdene Resource Development to buy it.
The correlation of Erdene Resource is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Erdene Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erdene Resource Deve moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Erdene Resource can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Erdene Stock

Erdene Resource financial ratios help investors to determine whether Erdene Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Erdene with respect to the benefits of owning Erdene Resource security.