Peter Akerley - Erdene Resource President, Chief Executive Officer, Director
| ERD Stock | CAD 0.39 0.01 2.50% |
CEO
Mr. Peter C. Akerley is President, Chief Executive Officer, Director of Erdene Resource Development Corporationration Mr. Akerley was the Corporation President and Chief Executive Officer since March 2003. Mr. Akerley is a geologist who previously provided corporate development, exploration and managerial services for projects in Canada, Guyana, Mexico, the Philippines, the United States of America and Mongolia to junior and senior exploration and mining companies since 2003.
| Tenure | 21 years |
| Address | Metropolitan Place, Dartmouth, NS, Canada, B3A 4S5 |
| Phone | 902 423 6419 |
| Web | https://www.erdene.com |
Erdene Resource Management Efficiency
The company has return on total asset (ROA) of (0.0446) % which means that it has lost $0.0446 on every $100 spent on assets. This is way below average. 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. At this time, Erdene Resource's Return On Tangible Assets are very stable compared to the past year. As of the 16th of April 2024, Return On Assets is likely to grow to 0.01, while Return On Capital Employed is likely to drop (0.07). At this time, Erdene Resource's Return On Assets are very stable compared to the past year. As of the 16th of April 2024, Asset Turnover is likely to grow to 0.02, while Total Assets are likely to drop about 30 M.Similar Executives
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Management Performance
| Return On Equity | 0.0095 | ||||
| Return On Asset | -0.0446 |
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.
| Robert Jenkins, Chief Financial Officer | ||
| Diane Webber, Director Communications | ||
| Peter BSc, CEO President | ||
| Peter Akerley, President, Chief Executive Officer, Director | ||
| J Cowan, Vice President Asia and Director | ||
| Philip Webster, Independent Director | ||
| D Frazer, Corporate Secretary | ||
| Suzan Frazer, Secretary | ||
| Hedley Widdup, Independent Director | ||
| Cameron McRae, Non-Executive Independent Director | ||
| John Byrne, Independent Director | ||
| Byambasaikhan Bayanjargal, Non-Executive Independent Director | ||
| Gendenjamtsyn BatErdene, Senior Geologist | ||
| Darryn Broderick, Director of Finance | ||
| David Mosher, Independent Director | ||
| Michael BSc, Vice Exploration | ||
| Jon Lyons, Vice President of Regulatory Affairs and Strategy | ||
| Michael Gillis, Vice President Exploration and Operations | ||
| Bayarmaa Bagabandi, Chief Administrative Officer | ||
| Kenneth MacDonald, CFO, Vice President - Business Strategy | ||
| Suzan LLB, Corporate Secretary | ||
| Michael Corey, Chief Mongolia | ||
| William Burton, Independent Director | ||
| Bilguun Ankhbayar, Vice President - Business Development | ||
| Anna Biolik, Independent Director | ||
| Thomas Croft, Non-Executive Independent Director |
Erdene Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock 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.
| Return On Equity | 0.0095 | ||||
| Return On Asset | -0.0446 | ||||
| Current Valuation | 128.71 M | ||||
| Shares Outstanding | 345.54 M | ||||
| Shares Owned By Insiders | 22.22 % | ||||
| Shares Owned By Institutions | 6.15 % | ||||
| Number Of Shares Shorted | 60.69 K | ||||
| Price To Earning | (29.60) X | ||||
| Price To Book | 2.26 X | ||||
| EBITDA | (3.95 M) |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Erdene Resource in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Erdene Resource's short interest history, or implied volatility extrapolated from Erdene Resource options trading.
Pair Trading with Erdene Resource
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Erdene Resource position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Erdene Resource will appreciate offsetting losses from the drop in the long position's value.Moving together with Erdene Stock
| 0.68 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.78 | AMZN | Amazon CDR | PairCorr |
| 0.9 | JPM | JPMorgan Chase | PairCorr |
Moving against Erdene Stock
| 0.91 | AAPL | Apple Inc CDR | PairCorr |
The ability to find closely correlated positions to Erdene Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erdene Resource when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Erdene Resource - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Erdene Resource Development to buy it.
The correlation of Erdene Resource is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Erdene Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erdene Resource Deve moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Erdene Resource can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erdene Resource Development. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Erdene Resource Deve information on this page should be used as a complementary analysis to other Erdene Resource's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Erdene Stock analysis
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.
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