Erdene Resource Development Co. (TSE:ERD) Insider Acquires C$94,033.50 in Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 139,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of C$0.68 per share, with a total value of C$94,033.50.

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

• On Thursday, February 27th, 2176423 Ontario Ltd. purchased 100,000 shares of Erdene Resource Development stock. The shares were acquired at an average price of C$0.67 per share, for a total transaction of C$67,000.00.
• On Tuesday, February 25th, 2176423 Ontario Ltd. acquired 100,000 shares of Erdene Resource Development stock. The stock was bought at an average price of C$0.66 per share, with a total value of C$66,480.00.
• On Wednesday, February 19th, 2176423 Ontario Ltd. bought 150,000 shares of Erdene Resource Development stock. The shares were bought at an average cost of C$0.70 per share, for a total transaction of C$104,745.00.
• On Friday, February 14th, 2176423 Ontario Ltd. acquired 178,000 shares of Erdene Resource Development stock. The shares were bought at an average price of C$0.75 per share, for a total transaction of C$133,215.20.
• On Wednesday, February 12th, 2176423 Ontario Ltd. bought 218,500 shares of Erdene Resource Development stock. The stock was purchased at an average price of C$0.67 per share, with a total value of C$146,089.10.
• On Monday, February 10th, 2176423 Ontario Ltd. purchased 400,000 shares of Erdene Resource Development stock. The shares were purchased at an average cost of C$0.65 per share, for a total transaction of C$259,640.00.

Erdene Resource Development Stock Performance

Erdene Resource Development stock traded down C$0.02 during mid-day trading on Wednesday, reaching C$0.67. The stock had a trading volume of 73,239 shares, compared to its average volume of 211,472. The firm has a market capitalization of C$239.46 million, a PE ratio of -266.07 and a beta of 1.63. Erdene Resource Development Co. has a fifty-two week low of C$0.37 and a fifty-two week high of C$0.79. The stock’s 50-day simple moving average is C$0.62 and its 200-day simple moving average is C$0.60.

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.