Erdene Resource Development Co. (TSE:ERD) Insider 2176423 Ontario Ltd. Buys 139,000 Shares

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. acquired 139,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average cost of C$0.68 per share, with a total value of C$94,033.50.

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

• On Thursday, February 27th, 2176423 Ontario Ltd. bought 100,000 shares of Erdene Resource Development stock. The stock was purchased at an average price of C$0.67 per share, with a total value of C$67,000.00.
• On Tuesday, February 25th, 2176423 Ontario Ltd. acquired 100,000 shares of Erdene Resource Development stock. The stock was acquired at an average cost 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 stock was bought 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. purchased 178,000 shares of Erdene Resource Development stock. The shares were 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 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. bought 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 Stock Performance

Shares of TSE:ERD traded down C$0.02 during midday trading on Wednesday, hitting C$0.67. 73,239 shares of the stock were exchanged, compared to its average volume of 211,472. Erdene Resource Development Co. has a 12 month low of C$0.37 and a 12 month high of C$0.79. The stock has a market capitalization of C$239.46 million, a price-to-earnings ratio of -266.07 and a beta of 1.63. The business’s 50-day moving average price is C$0.62 and its 200 day moving average price is C$0.60.

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.