Erdene Resource Development Co. (TSE:ERD) Insider 2176423 Ontario Ltd. Purchases 178,000 Shares

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 178,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average price of C$0.75 per share, for a total transaction of C$133,215.20.

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

• On Wednesday, February 12th, 2176423 Ontario Ltd. purchased 218,500 shares of Erdene Resource Development stock. The stock was bought 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. purchased 400,000 shares of Erdene Resource Development stock. The stock was bought at an average price of C$0.65 per share, for a total transaction of C$259,640.00.

Erdene Resource Development Stock Down 6.8 %

Shares of ERD opened at C$0.68 on Wednesday. The firm has a market cap of C$243.04 million, a PE ratio of -270.04 and a beta of 1.63. The company’s fifty day moving average is C$0.59 and its two-hundred day moving average is C$0.57. Erdene Resource Development Co. has a fifty-two week low of C$0.34 and a fifty-two week 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.