Michael Corey - Erdene Resource Chief Mongolia

ERDCF Stock  USD 0.42  0.02  4.55%   

Insider

Michael Corey is Chief Mongolia of Erdene Resource Development
Phone902 423 6419
Webhttps://www.erdene.com

Erdene Resource Management Efficiency

The company has return on total asset (ROA) of (0.0946) % which means that it has lost $0.0946 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1505) %, 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.
Erdene Resource Development has accumulated 116.44 K in total debt with debt to equity ratio (D/E) of 0.0, which may suggest the company is not taking enough advantage from borrowing. Erdene Resource Deve has a current ratio of 1.44, 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 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. Erdene Resource Development [ERDCF] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC).

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.
Gendenjamtsyn BatErdene, Geologist
Robert Jenkins, VP CFO
Diane Webber, Director Communications
Suzan LLB, Co Sec
Michael Corey, Chief Mongolia
Peter BSc, CEO Pres
Michael BSc, VP Exploration
Jon Lyons, VP Projects
Bayarmaa Bagabandi, Chief Officer

Erdene Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet 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.

Currently Active Assets on Macroaxis

Other Information on Investing in Erdene Pink Sheet

Erdene Resource financial ratios help investors to determine whether Erdene Pink Sheet 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.