Erdene Resource Development Co. (TSE:ERD) Insider 2176423 Ontario Ltd. Purchases 178,000 Shares

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. acquired 178,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were acquired at an average cost of C$0.75 per share, with a total value of C$133,215.20.

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

• On Wednesday, February 12th, 2176423 Ontario Ltd. acquired 218,500 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.67 per share, with a total value of C$146,089.10.
• On Monday, February 10th, 2176423 Ontario Ltd. acquired 400,000 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.65 per share, with a total value of C$259,640.00.

Erdene Resource Development Stock Performance

Shares of TSE ERD opened at C$0.68 on Wednesday. Erdene Resource Development Co. has a 1 year low of C$0.34 and a 1 year high of C$0.79. The firm’s 50 day moving average price is C$0.59 and its 200 day moving average price is C$0.57. The firm has a market cap of C$243.04 million, a P/E ratio of -270.04 and a beta of 1.63.

Erdene Resource Development Company Profile

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.