Erdene Resource Development Co. (TSE:ERD) Insider 2176423 Ontario Ltd. Purchases 458,500 Shares

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. purchased 458,500 shares of Erdene Resource Development stock in a transaction dated Wednesday, September 25th. The stock was bought at an average cost of C$0.60 per share, with a total value of C$274,962.45.

Erdene Resource Development Stock Performance

Shares of TSE:ERD opened at C$0.62 on Friday. Erdene Resource Development Co. has a twelve month low of C$0.26 and a twelve month high of C$0.65. The firm has a market cap of C$216.15 million, a P/E ratio of -31.00 and a beta of 1.58. The company has a 50 day moving average of C$0.45 and a 200-day moving average of C$0.43. The company has a current ratio of 8.64, a quick ratio of 4.27 and a debt-to-equity ratio of 0.01.

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.