Erdene Resource Development Stock Analysis

Erdene Pink Sheet Analysis Notes

About 22.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.84. Some equities with similar Price to Book (P/B) outperform the market in the long run. Erdene Resource Deve recorded a loss per share of 0.02. The entity had not issued any dividends in recent years. The firm had 1:2 split on the 9th of November 2012. Erdene Resource Development Corporation focuses on 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 the United States and is traded on OTC Exchange. It employs 56 people.The quote for Erdene Resource Development is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. To learn more about Erdene Resource Development call Peter BSc at 902 423 6419 or check out https://www.erdene.com.

Erdene Resource Deve Investment Alerts

Erdene Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 105.7 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Erdene Resource's market, we take the total number of its shares issued and multiply it by Erdene Resource's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Technical Drivers

As of the 22nd of December, Erdene Resource shows the Mean Deviation of 3.04, semi deviation of 2.99, and Downside Deviation of 4.03. Erdene Resource Deve technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Erdene Resource Deve downside deviation, treynor ratio, expected short fall, as well as the relationship between the variance and potential upside to decide if Erdene Resource Deve is priced favorably, providing market reflects its regular price of 0.38 per share. As Erdene Resource Deve appears to be a penny stock we also advise to verify its total risk alpha numbers.

Erdene Resource Deve Price Movement Analysis

Erdene Resource Predictive Daily Indicators

Erdene Resource Forecast Models

Erdene Resource's time-series forecasting models are one of many Erdene Resource's pink sheet analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Erdene Resource's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how Erdene Resource prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Erdene shares will generate the highest return on investment. We also built our pink sheet analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Pink Sheet such as Erdene Resource. By using and applying Erdene Pink Sheet analysis, traders can create a robust methodology for identifying Erdene entry and exit points for their positions.

When running Erdene Resource's price analysis, check to measure Erdene Resource's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Erdene Resource is operating at the current time. Most of Erdene Resource's value examination focuses on studying past and present price action to predict the probability of Erdene Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erdene Resource's price. Additionally, you may evaluate how the addition of Erdene Resource to your portfolios can decrease your overall portfolio volatility.