2176423 Ontario Ltd. Buys 100,000 Shares of Erdene Resource Development Co. (TSE:ERD) Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 100,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of C$0.66 per share, with a total value of C$66,480.00.

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

• On Wednesday, February 19th, 2176423 Ontario Ltd. acquired 150,000 shares of Erdene Resource Development stock. The shares were purchased 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. purchased 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. purchased 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. bought 400,000 shares of Erdene Resource Development stock. The stock was acquired at an average price of C$0.65 per share, for a total transaction of C$259,640.00.

Erdene Resource Development Stock Down 4.4 %

ERD stock traded down C$0.03 during mid-day trading on Tuesday, hitting C$0.65. 263,708 shares of the company were exchanged, compared to its average volume of 220,038. The business has a fifty day simple moving average of C$0.61 and a 200-day simple moving average of C$0.59. The firm has a market capitalization of C$232.31 million, a P/E ratio of -258.13 and a beta of 1.63. Erdene Resource Development Co. has a 12-month low of C$0.34 and a 12-month high of C$0.79.

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.