Erdene Resource Development Co. (TSE:ERD) Insider Acquires C$259,640.00 in Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 400,000 shares of the stock in a transaction dated Monday, February 10th. The stock was purchased at an average price of C$0.65 per share, with a total value of C$259,640.00.

Erdene Resource Development Price Performance

Erdene Resource Development stock opened at C$0.67 on Wednesday. The firm has a 50-day moving average price of C$0.58 and a 200-day moving average price of C$0.56. The firm has a market capitalization of C$233.58 million, a PE ratio of -33.50 and a beta of 1.63. The company has a current ratio of 8.64, a quick ratio of 4.27 and a debt-to-equity ratio of 0.01. Erdene Resource Development Co. has a 12-month low of C$0.29 and a 12-month high of C$0.79.

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.