Erdene Resource Development Co. (TSE:ERD) Insider Purchases C$104,745.00 in Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 150,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were acquired at an average cost of C$0.70 per share, with a total value of C$104,745.00.

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

• 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, with a total value of C$133,215.20.
• On Wednesday, February 12th, 2176423 Ontario Ltd. bought 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. bought 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 Trading Up 2.9 %

Shares of TSE ERD opened at C$0.70 on Friday. The company has a market cap of C$250.19 million, a price-to-earnings ratio of -277.99 and a beta of 1.63. Erdene Resource Development Co. has a 12 month low of C$0.34 and a 12 month high of C$0.79. The stock has a 50-day moving average price of C$0.60 and a two-hundred day moving average price of C$0.58.

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.