Insider Buying: Erdene Resource Development Co. (TSE:ERD) Insider Purchases C$133,215.20 in Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. purchased 178,000 shares of the company’s stock in a transaction on Friday, February 14th. The shares were purchased at an average cost of C$0.75 per share, for a total transaction of C$133,215.20.

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

• On Wednesday, February 19th, 2176423 Ontario Ltd. acquired 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 Wednesday, February 12th, 2176423 Ontario Ltd. purchased 218,500 shares of Erdene Resource Development stock. The shares were acquired 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 acquired at an average cost of C$0.65 per share, with a total value of C$259,640.00.

Erdene Resource Development Trading Down 4.2 %

ERD stock opened at C$0.68 on Friday. The business’s 50 day simple moving average is C$0.60 and its 200 day simple moving average is C$0.58. Erdene Resource Development Co. has a 1-year low of C$0.34 and a 1-year high of C$0.79. The firm has a market capitalization of C$243.04 million, a PE 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.