Erdene Resource Development Co. (TSE:ERD) Insider Buys C$146,089.10 in Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. acquired 218,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was bought at an average price of C$0.67 per share, for a total transaction of C$146,089.10.

2176423 Ontario Ltd. also recently made the following trade(s):

• On Monday, February 10th, 2176423 Ontario Ltd. purchased 400,000 shares of Erdene Resource Development stock. The shares were bought at an average price of C$0.65 per share, for a total transaction of C$259,640.00.

Erdene Resource Development Stock Performance

Shares of ERD stock opened at C$0.73 on Thursday. The company has a market capitalization of C$254.50 million, a P/E ratio of -36.50 and a beta of 1.63. Erdene Resource Development Co. has a fifty-two week low of C$0.31 and a fifty-two week high of C$0.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.27 and a current ratio of 8.64. The stock has a 50 day moving average price of C$0.58 and a two-hundred day moving average price of C$0.57.

About Erdene Resource Development

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.