Erdene Resources Reports Bayan Khundii Mine Progress - TipRanks
| ERD Stock | CAD 0.69 0.01 1.47% |
About 53% of Erdene Resource's investors are presently thinking to get in. The current sentiment regarding investing in Erdene Resource Development stock implies that some traders are interested. Erdene Resource's investing sentiment overview a quick insight into current market opportunities from investing in Erdene Resource Development. Many technical investors use Erdene Resource Deve stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Erdene |
Erdene Resources Reports Bayan Khundii Mine Progress TipRanks
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Erdene Resource Fundamental Analysis
We analyze Erdene Resource's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Erdene Resource using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Erdene Resource based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Debt To Equity
Debt To Equity Comparative Analysis
Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Erdene Resource Deve Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Erdene Resource stock to make a market-neutral strategy. Peer analysis of Erdene Resource could also be used in its relative valuation, which is a method of valuing Erdene Resource by comparing valuation metrics with similar companies.
Peers
Erdene Resource Related Equities
| GPG | Grande Portage | 5.56 | ||||
| CCM | Canagold Resources | 12.82 |
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.