2176423 Ontario Ltd. Buys 400,000 Shares of Erdene Resource Development Co. (TSE:ERD) Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 400,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was bought at an average price of C$0.65 per share, for a total transaction of C$259,640.00.

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

• On Wednesday, February 12th, 2176423 Ontario Ltd. purchased 218,500 shares of Erdene Resource Development stock. The stock was bought at an average cost of C$0.67 per share, for a total transaction of C$146,089.10.

Erdene Resource Development Price Performance

Shares of Erdene Resource Development stock opened at C$0.73 on Thursday. The stock has a market capitalization of C$254.50 million, a P/E ratio of -36.50 and a beta of 1.63. The business has a 50 day simple moving average of C$0.58 and a two-hundred day simple moving average of C$0.57. 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 debt-to-equity ratio of 0.01, a current ratio of 8.64 and a quick ratio of 4.27.

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.