Insider Buying: Erdene Resource Development Co. (TSE:ERD) Insider Acquires 200,000 Shares of Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 200,000 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were acquired at an average price of C$0.79 per share, with a total value of C$157,900.00.

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

• On Thursday, March 13th, 2176423 Ontario Ltd. acquired 250,000 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$186,725.00.
• On Thursday, March 6th, 2176423 Ontario Ltd. purchased 250,000 shares of Erdene Resource Development stock. The stock was purchased at an average price of C$0.69 per share, with a total value of C$172,500.00.
• On Tuesday, March 4th, 2176423 Ontario Ltd. bought 139,000 shares of Erdene Resource Development stock. The shares were purchased at an average cost of C$0.68 per share, for a total transaction 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 cost 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 shares were acquired at an average price of C$0.66 per share, for a total transaction of C$66,480.00.
• On Wednesday, February 19th, 2176423 Ontario Ltd. purchased 150,000 shares of Erdene Resource Development stock. The stock was 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. bought 178,000 shares of Erdene Resource Development stock. The stock was bought 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. bought 218,500 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.67 per share, for a total transaction 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 price of C$0.65 per share, for a total transaction of C$259,640.00.

Erdene Resource Development Trading Down 7.5 %

Shares of TSE ERD traded down C$0.06 during mid-day trading on Friday, reaching C$0.74. The company had a trading volume of 216,391 shares, compared to its average volume of 245,600. Erdene Resource Development Co. has a 1-year low of C$0.37 and a 1-year high of C$0.85. The stock has a market cap of C$264.48 million, a PE ratio of -293.87 and a beta of 1.63. The company has a 50-day moving average price of C$0.71 and a two-hundred day moving average price of C$0.64.

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.