Erdene Resource Development Co. (TSE:ERD) Insider 2176423 Ontario Ltd. Purchases 218,500 Shares

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 218,500 shares of Erdene Resource Development stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of C$0.67 per share, for a total transaction of C$146,089.10.

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

• 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, with a total value of C$259,640.00.

Erdene Resource Development Price Performance

Shares of Erdene Resource Development stock opened at C$0.73 on Thursday. The business’s 50-day moving average price is C$0.58 and its 200-day moving average price is C$0.57. The firm has a market capitalization of C$254.50 million, a PE ratio of -36.50 and a beta of 1.63. Erdene Resource Development Co. has a 12 month low of C$0.31 and a 12 month high of C$0.79. The company has a current ratio of 8.64, a quick ratio of 4.27 and a debt-to-equity ratio of 0.01.

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.