Erdene Resource Development Co. (TSE:ERD) Insider 2176423 Ontario Ltd. Purchases 150,000 Shares

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. acquired 150,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was purchased 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. acquired 178,000 shares of Erdene Resource Development stock. The stock was purchased 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. acquired 218,500 shares of Erdene Resource Development stock. The stock was purchased 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 stock was purchased at an average cost of C$0.65 per share, with a total value of C$259,640.00.

Erdene Resource Development Price Performance

Shares of ERD stock opened at C$0.70 on Friday. The business’s 50 day simple moving average is C$0.60 and its 200 day simple moving average is C$0.58. Erdene Resource Development Co. has a one year low of C$0.34 and a one year high of C$0.79. The stock has a market capitalization of C$250.19 million, a PE ratio of -277.99 and a beta of 1.63.

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.