Erdene Resource Development Co. (TSE:ERD) Insider Acquires C$94,033.50 in Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. purchased 139,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of C$0.68 per share, with a total value of C$94,033.50.

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

• On Thursday, February 27th, 2176423 Ontario Ltd. bought 100,000 shares of Erdene Resource Development stock. The shares were acquired at an average price of C$0.67 per share, with a total value of C$67,000.00.
• On Tuesday, February 25th, 2176423 Ontario Ltd. bought 100,000 shares of Erdene Resource Development stock. The shares were acquired 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 shares were acquired at an average price of C$0.70 per share, with a total value of C$104,745.00.
• On Friday, February 14th, 2176423 Ontario Ltd. bought 178,000 shares of Erdene Resource Development stock. The shares were acquired 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. bought 218,500 shares of Erdene Resource Development stock. The shares were acquired at an average price 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 price of C$0.65 per share, with a total value of C$259,640.00.

Erdene Resource Development Stock Down 1.4 %

Shares of TSE:ERD opened at C$0.72 on Friday. The business has a 50 day moving average price of C$0.63 and a 200 day moving average price of C$0.60. Erdene Resource Development Co. has a twelve month low of C$0.37 and a twelve month high of C$0.79. The company has a market cap of C$257.33 million, a price-to-earnings ratio of -285.93 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.