Insider Buying: Erdene Resource Development Co. (TSE:ERD) Insider Buys 100,000 Shares of Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 100,000 shares of the stock in a transaction on Thursday, February 27th. The shares were acquired at an average cost of C$0.67 per share, with a total value of C$67,000.00.

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

• On Tuesday, February 25th, 2176423 Ontario Ltd. acquired 100,000 shares of Erdene Resource Development stock. The shares were bought at an average price of C$0.66 per share, with a total value of C$66,480.00.
• On Wednesday, February 19th, 2176423 Ontario Ltd. bought 150,000 shares of Erdene Resource Development stock. The stock was bought at an average price of C$0.70 per share, for a total transaction of C$104,745.00.
• On Friday, February 14th, 2176423 Ontario Ltd. purchased 178,000 shares of Erdene Resource Development stock. The shares were bought at an average price 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 shares were purchased 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. 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

ERD remained flat at C$0.68 during trading on Thursday. 333,855 shares of the company’s stock were exchanged, compared to its average volume of 221,339. Erdene Resource Development Co. has a 52-week low of C$0.34 and a 52-week high of C$0.79. The stock has a 50 day moving average price of C$0.61 and a two-hundred day moving average price of C$0.59. The stock has a market capitalization of C$243.04 million, a PE 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.