Erdene Resource Development Co. (TSE:ERD) Insider Buys C$66,480.00 in Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of C$0.66 per share, for a total transaction of C$66,480.00.

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

• On Wednesday, February 19th, 2176423 Ontario Ltd. bought 150,000 shares of Erdene Resource Development stock. The shares were purchased at an average cost of C$0.70 per share, with a total value of C$104,745.00.
• On Friday, February 14th, 2176423 Ontario Ltd. bought 178,000 shares of Erdene Resource Development stock. The stock was bought at an average price of C$0.75 per share, with a total value of C$133,215.20.
• On Wednesday, February 12th, 2176423 Ontario Ltd. acquired 218,500 shares of Erdene Resource Development stock. The shares were bought at an average price of C$0.67 per share, with a total value of C$146,089.10.
• On Monday, February 10th, 2176423 Ontario Ltd. acquired 400,000 shares of Erdene Resource Development stock. The stock was purchased at an average price of C$0.65 per share, for a total transaction of C$259,640.00.

Erdene Resource Development Trading Down 4.4 %

ERD stock traded down C$0.03 during midday trading on Tuesday, reaching C$0.65. The stock had a trading volume of 263,708 shares, compared to its average volume of 220,038. Erdene Resource Development Co. has a 52-week low of C$0.34 and a 52-week high of C$0.79. The company’s fifty day simple moving average is C$0.61 and its 200 day simple moving average is C$0.59. The company has a market cap of C$232.31 million, a price-to-earnings ratio of -258.13 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.