Erdene Resource Development Co. (TSE:ERD) Insider 2176423 Ontario Ltd. Acquires 400,000 Shares

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

Erdene Resource Development Price Performance

Shares of TSE:ERD opened at C$0.67 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.27 and a current ratio of 8.64. The firm has a fifty day moving average price of C$0.58 and a 200 day moving average price of C$0.56. Erdene Resource Development Co. has a fifty-two week low of C$0.29 and a fifty-two week high of C$0.79. The firm has a market cap of C$233.58 million, a price-to-earnings ratio of -33.50 and a beta of 1.63.

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.