Erdene Resource Development (DB:E8KA) - Stock Price, News & Analysis

E8KA Stock Overview

Focuses on the exploration and development of precious and base metal deposits in Mongolia. More details

E8KA fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (CA$0)

Shareholders have been diluted in the past year

Volatile share price over the past 3 months compared to the German market

Erdene Resource Development Corporation Competitors

Greenland Resources

DB:M0LY

€65.8m

IberAmerican Lithium

DB:W2C

€2.0m

Eisen- und Hüttenwerke

DB:EIS

€202.4m

Pasinex Resources

DB:PNX

€1.5m

Price History & Performance

Summary of all time highs, changes and price drops for Erdene Resource Development
Historical stock prices
Current Share Price	CA$0.39
52 Week High	CA$0.52
52 Week Low	CA$0.19
Beta	1.63
11 Month Change	-11.26%
3 Month Change	36.81%
1 Year Change	85.85%
33 Year Change	30.46%
5 Year Change	242.61%
Change since IPO	-71.86%

Recent updates

Shareholder Returns

	E8KA	DE Metals and Mining	DE Market
7D	-3.0%	-2.5%	0.8%
1Y	85.8%	-27.1%	8.6%

Return vs Industry: E8KA exceeded the German Metals and Mining industry which returned -27.1% over the past year.

Return vs Market: E8KA exceeded the German Market which returned 8.6% over the past year.

Price Volatility

Is E8KA's price volatile compared to industry and market?
E8KA volatility
E8KA Average Weekly Movement	9.8%
Metals and Mining Industry Average Movement	11.6%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: E8KA's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: E8KA's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2000	650	Peter Akerley	www.erdene.com

Erdene Resource Development Corporation focuses on the exploration and development of precious and base metal deposits in Mongolia. The company explores for copper, molybdenum, gold, silver, lead, and zinc deposits. The company was formerly known as Erdene Gold Inc. and changed its name to Erdene Resource Development Corporation in May 2008.

Erdene Resource Development Corporation Fundamentals Summary

How do Erdene Resource Development's earnings and revenue compare to its market cap?
E8KA fundamental statistics
Market cap	€142.84m
Earnings (TTM)	-€5.00m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-28.1x

P/E Ratio

Is E8KA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
E8KA income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$7.41m
Earnings	-CA$7.41m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.021
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did E8KA perform over the long term?

See historical performance and comparison

E8KA Stock Overview

Risk Analysis

Erdene Resource Development Corporation Competitors

DB:M0LY

€65.8m

DB:W2C

€2.0m

DB:EIS

€202.4m

DB:PNX

€1.5m

Price History & Performance

Recent News & Updates

Erdene Resource Development Corporation Provides Bayan Khundii Gold Project Update

Erdene Reports Strong Drill Results and Provides Mine Development Update for the Bayan Khundii Gold Project

Erdene Reports Strong Drill Results and Provides Mine Development Update for the Bayan Khundii Gold Project

New major risk - Financial position

Erdene Resource Development Corporation Announces Retirement of John Byrne as Director

New major risk - Financial position

Recent updates

Erdene Resource Development Corporation Provides Bayan Khundii Gold Project Update

Erdene Reports Strong Drill Results and Provides Mine Development Update for the Bayan Khundii Gold Project

Erdene Reports Strong Drill Results and Provides Mine Development Update for the Bayan Khundii Gold Project

New major risk - Financial position

Erdene Resource Development Corporation Announces Retirement of John Byrne as Director

New major risk - Financial position

Erdene Resource Development Corporation, Annual General Meeting, Jun 20, 2024

Erdene Commences Construction At the High-Grade Bayan Khundii Gold Project and Finalizes Strategic Alliance with Mongolian Mining Corporation

New major risk - Share price stability

Erdene Resource Development Corp. Provides Update on the Bayan Khundii Gold Project

Erdene Resource Development Corp. Announces Positive Updated Feasibility Study for the Bayan Khundii Gold Project

Erdene Resource Development Corporation Reports Bayan Khundii Gold Project Exploration Results from Dark Horse Prospect

Erdene Resource Development Corporation Announce Results from A Recently Completed 12-Hole Drill Program At Its 100% Owned Zuun Mod Molybdenum-Copper Porphyry Project in Southwestern Mongolia

Erdene Resource Development Corporation Commences Drilling At Dark Horse Gold Prospect

Erdene Resource Development Corporation announced that it has received CAD 7.000248 million in funding from 2176423 Ontario Ltd.

Erdene Resource Development Corporation announced that it expects to receive CAD 6 million in funding

Erdene Expands High-Grade Mineralization At Dark Horse Prospect, Generates New Targets

Insufficient new directors

Erdene Resource Development Corporation Intersects High-Grade Gold At Bayan Khundii Starter Pits

Erdene Resource Development Corporation Renews Local Cooperation Agreement and Provides Environmental, Social and Governance Update

Erdene Resource Development Corporation Provides an Exploration Update for Khundii Gold District in Southwest Mongolia

Erdene Resource Development Corporation Reports Operating Results for the Second Quarter 2022

Insufficient new directors

Erdene Continues to Outline Ulaan Feeder Zone, Intersects 27 Metres of 3.5 G/T Gold, Including 2 Metres of 24.9 G/T Gold

Erdene Resource Development Corporation announced that it has received CAD 7.180106 million in funding

Insufficient new directors

Erdene Resource Development Corporation announced that it expects to receive CAD 6 million in funding

Erdene Returns 68.2 G/T Gold over 3 Metres Within 8.1 G/T Gold over 41 Meters At Ulaan Southeast Gold Prospect

Erdene Resource Development Corporation, Annual General Meeting, Jun 22, 2022

Erdene Resource Development Corporation Announces Commencement of the First Phase of Its 2022 Exploration Program at its Khundii Gold District in Southwest Mongolia

Insider recently bought €2.5m worth of stock

Erdene Resource Development Corporation Provides an Update on Recent Exploration At the Dark Horse Prospect, Located 2.4 Kilometres North of Its Construction-Ready Bayan Khundii Gold Project

Erdene Resource Development Corporation Provides an Update on the 2021 Exploration Program at the Ulaan Southeast Gold Discovery

Erdene Resource Development Corporation Receives Significant Environmental Approval for Bayan Khundii Gold Project and Commences Early Works

Erdene Resource Development Corporation announces results from follow-up drilling at the recent Ulaan gold discovery

Erdene Resource Development Corporation Announces Results from its Maiden Drill Program on the Southern Portion of its 100%-Owned Ulaan Exploration License

Erdene Resource Development Corporation Initiates Strategic Review of Khuvyn Khar Molybdenum-Copper Project

Erdene Resource Development Corporation Adds Second Rig and Commences Drilling Ulaan Gold Target Adjacent Bayan Khundii Gold Deposit

Erdene Provides Update on Dark Horse Gold Prospect Exploration Program: Commences Follow-up Drilling

Erdene Resource Development Corporation Provides Final Drill Results from Its 2020 Dark Horse Gold Prospect

Erdene Resource Development Corporation Announces New Gold Discovery of the Bayan Khundii Gold Deposit

Erdene Resource Development Corporation (TSX:ERD) acquired remaining 49% stake in Leader Exploration LLC from Erdenechuluun.Z and Erdenekhuyag.Z for $0.75 million.

New 90-day low: €0.26

Erdene Resource Development Corporation Reports Final Results from First 10,000-Metre Phase of its 18,000-Metre Khundii Gold District Drill Program

Erdene Resource Development Corporation announced that it expects to receive $55 million in funding from Export Development Canada

New 90-day low: €0.26

Erdene Resource Development Corporation Intersects High-Grade Gold in Maiden Drilling at Dark Horse Prospect

Erdene Intersects High-Grade Gold at Bayan Khundii Project Confirming Resource Expansion Potential

Erdene Resource Development Corporation announced that it has received CAD 20 million in funding from 2176423 Ontario Ltd. and other investor

New 90-day high - €0.37

Erdene Resource Development Corporation announced that it expects to receive CAD 20 million in funding

Shareholder Returns

Price Volatility

About the Company

Erdene Resource Development Corporation Fundamentals Summary

0.0x

-28.1x

Earnings & Revenue