Erdene Resource Development Co. (TSE:ERD) Insider 2176423 Ontario Ltd. Buys 200,000 Shares

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. acquired 200,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average cost of C$0.41 per share, with a total value of C$82,000.00.

Erdene Resource Development Stock Performance

Shares of TSE:ERD traded up C$0.01 during trading on Thursday, reaching C$0.41. 134,868 shares of the company’s stock traded hands, compared to its average volume of 147,467. The company has a debt-to-equity ratio of 70.09, a current ratio of 0.66 and a quick ratio of 4.27. The company has a 50 day moving average of C$0.40 and a 200-day moving average of C$0.35. Erdene Resource Development Co. has a 12 month low of C$0.27 and a 12 month high of C$0.42. The stock has a market capitalization of C$139.55 million, a P/E ratio of -40.00 and a beta of 1.39.

About Erdene Resource Development

Erdene Resource Development Corporation focuses on the acquisition, exploration, and development of precious and base metal deposits in Mongolia. The company explores for copper, molybdenum, gold, silver, lead, and zinc deposits. Its principal projects are the Bayan Khundii Gold project and the Altan Nar Gold-Polymetallic project located in southwest Mongolia.