Erdene Resource Development (TSX:ERD) Market Cap : C$159.40 Mil (As of May. 24, 2024)

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What is Erdene Resource Development Market Cap?

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Erdene Resource Development's share price for the quarter that ended in Mar. 2024 was C$0.41. Erdene Resource Development's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 345.54 Mil. Therefore, Erdene Resource Development's market cap for the quarter that ended in Mar. 2024 was C$141.67 Mil.

Erdene Resource Development's quarterly market cap increased from Sep. 2023 (C$101.65 Mil) to Dec. 2023 (C$122.44 Mil) and increased from Dec. 2023 (C$122.44 Mil) to Mar. 2024 (C$141.67 Mil).

Erdene Resource Development's annual market cap declined from Dec. 2021 (C$126.58 Mil) to Dec. 2022 (C$98.13 Mil) but then increased from Dec. 2022 (C$98.13 Mil) to Dec. 2023 (C$122.44 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Erdene Resource Development's Enterprise Value for Today is C$156.44 Mil.

Erdene Resource Development Market Cap Historical Data

The historical data trend for Erdene Resource Development's Market Cap can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Erdene Resource Development Market Cap Chart

Erdene Resource Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Market Cap

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34.39

108.72

126.58

98.13

122.44

Erdene Resource Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Market Cap	Get a 7-Day Free Trial															123.95	127.43	101.65	122.44	141.67

Competitive Comparison of Erdene Resource Development's Market Cap

For the Other Industrial Metals & Mining subindustry, Erdene Resource Development's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Erdene Resource Development's Market Cap Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Erdene Resource Development's Market Cap distribution charts can be found below:

* The bar in red indicates where Erdene Resource Development's Market Cap falls into.

Erdene Resource Development Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Erdene Resource Development's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as

Market Cap (A: Dec. 2023 )	=	Share Price (A: Dec. 2023 )	*	Shares Outstanding (EOP) (A: Dec. 2023 )
	=	C$0.355	*	344.888
	=	C$122.44

Erdene Resource Development's Market Cap for the quarter that ended in Mar. 2024 is calculated as

Market Cap (Q: Mar. 2024 )	=	Share Price (Q: Mar. 2024 )	*	Shares Outstanding (EOP) (Q: Mar. 2024 )
	=	C$0.41	*	345.538
	=	C$141.67

Erdene Resource Development (TSX:ERD) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.

Erdene Resource Development Market Cap Related Terms

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Erdene Resource Development (TSX:ERD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Erdene Resource Development Corp (TSX:ERD) » Definitions » Market Cap

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ERDCF:USA

Address

99 Wyse Road, Metropolitan Place, Suite 1480, Dartmouth, NS, CAN, B3A 4S5

Website

https://www.erdene.com

Erdene Resource Development Corp is a Canadian-based resource exploration company. It is primarily engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company's project consists of Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar. The Bayan Khundii and Altan Nar project is located within the Tian-Shan copper-gold belt in southwest Mongolia from the Chinese border city of Ceke. The Zuun Mod project is located within 200 kilometres of China's border in Mongolia's Bayankhongor Province. The Khuvyn Khar copper-silver project is located on the Zuun Mod property.

Executives

John Philip Byrne	Director
Peter Akerley	Director, Senior Officer

Erdene Resource Development (TSX:ERD) Headlines

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