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 business’s stock in a transaction dated Thursday, February 27th. The shares were purchased 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 purchased 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 purchased 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 purchased 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 purchased 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 shares were bought at an average cost of C$0.65 per share, for a total transaction of C$259,640.00.

Erdene Resource Development Price Performance

TSE ERD opened at C$0.68 on Friday. Erdene Resource Development Co. has a 52-week low of C$0.34 and a 52-week high of C$0.79. The business’s 50-day moving average price is C$0.62 and its 200 day moving average price is C$0.59. The firm has a market cap of C$243.04 million, a P/E ratio of -270.04 and a beta of 1.63.

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.