Erdene Resource Development Co. (TSE:ERD) Insider 2176423 Ontario Ltd. Acquires 100,000 Shares of Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. acquired 100,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of C$0.67 per share, with a total value of C$67,000.00.

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

• On Tuesday, February 25th, 2176423 Ontario Ltd. bought 100,000 shares of Erdene Resource Development stock. The stock was purchased at an average price of C$0.66 per share, with a total value of C$66,480.00.
• On Wednesday, February 19th, 2176423 Ontario Ltd. purchased 150,000 shares of Erdene Resource Development stock. The shares were purchased 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. acquired 178,000 shares of Erdene Resource Development stock. The stock was purchased 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. bought 218,500 shares of Erdene Resource Development stock. The shares were purchased at an average cost of C$0.67 per share, for a total transaction of C$146,089.10.
• On Monday, February 10th, 2176423 Ontario Ltd. purchased 400,000 shares of Erdene Resource Development stock. The stock was acquired at an average cost of C$0.65 per share, with a total value of C$259,640.00.

Erdene Resource Development Price Performance

Shares of ERD opened at C$0.68 on Friday. The firm’s 50 day moving average is C$0.61 and its 200-day moving average is C$0.59. Erdene Resource Development Co. has a 12-month low of C$0.34 and a 12-month high of C$0.79. The stock has a market capitalization of C$243.04 million, a P/E ratio of -270.04 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.