Erdene Resource Development Co. (TSE:ERD) Insider Purchases C$67,000.00 in Stock

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

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

• 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, for a total transaction 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, for a total transaction 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, for a total transaction 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, 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 shares were acquired at an average price of C$0.65 per share, for a total transaction of C$259,640.00.

Erdene Resource Development Stock Performance

TSE ERD opened at C$0.68 on Friday. The stock has a market capitalization of C$243.04 million, a price-to-earnings ratio of -270.04 and a beta of 1.63. The business’s 50 day moving average is C$0.62 and its two-hundred day moving average is C$0.59. Erdene Resource Development Co. has a 12-month low of C$0.34 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.