Insider Selling: Erdene Resource Development Co. (TSE:ERD) Director Sells 50,000 Shares of Stock

Erdene Resource Development Co. (TSE:ERD) Director David Vaughn Mosher sold 50,000 shares of Erdene Resource Development stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$0.79, for a total transaction of C$39,500.00.

Erdene Resource Development Stock Up 1.2 %

Erdene Resource Development stock traded up C$0.01 during trading hours on Tuesday, hitting C$0.83. The stock had a trading volume of 158,882 shares, compared to its average volume of 233,414. The stock has a market capitalization of C$296.65 million, a P/E ratio of -329.61 and a beta of 1.63. Erdene Resource Development Co. has a 12-month low of C$0.37 and a 12-month high of C$0.85. The stock’s 50-day moving average price is C$0.66 and its 200-day moving average price is C$0.62.

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.