Erdene Resource Development Co. (TSE:ERD) Insider Acquires C$172,500.00 in Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. purchased 250,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of C$0.69 per share, with a total value of C$172,500.00.

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

• On Tuesday, March 4th, 2176423 Ontario Ltd. purchased 139,000 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.68 per share, with a total value of C$94,033.50.
• On Thursday, February 27th, 2176423 Ontario Ltd. bought 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. bought 100,000 shares of Erdene Resource Development stock. The stock was purchased at an average cost of C$0.66 per share, with a total value of C$66,480.00.
• On Wednesday, February 19th, 2176423 Ontario Ltd. acquired 150,000 shares of Erdene Resource Development stock. The stock was acquired 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. bought 178,000 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.75 per share, for a total transaction of C$133,215.20.
• On Wednesday, February 12th, 2176423 Ontario Ltd. acquired 218,500 shares of Erdene Resource Development stock. The shares were purchased at an average price of C$0.67 per share, for a total transaction of C$146,089.10.
• On Monday, February 10th, 2176423 Ontario Ltd. bought 400,000 shares of Erdene Resource Development stock. The shares were purchased at an average cost of C$0.65 per share, with a total value of C$259,640.00.

Erdene Resource Development Stock Down 1.4 %

Shares of Erdene Resource Development stock traded down C$0.01 on Monday, reaching C$0.72. The stock had a trading volume of 60,921 shares, compared to its average volume of 215,552. The stock has a market capitalization of C$257.33 million, a P/E ratio of -285.93 and a beta of 1.63. The company has a 50 day moving average price of C$0.63 and a 200 day moving average price of C$0.60. Erdene Resource Development Co. has a 1 year low of C$0.37 and a 1 year high of C$0.79.

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.