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

Posted by Casey Walker on Feb 14th, 2025

Erdene Resource Development Co. (TSE:ERD – Get Free Report) insider 2176423 Ontario Ltd. bought 218,500 shares of Erdene Resource Development stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average price of C$0.67 per share, with a total value of C$146,089.10.

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

On Monday, February 10th, 2176423 Ontario Ltd. bought 400,000 shares of Erdene Resource Development stock. The stock was acquired at an average price of C$0.65 per share, with a total value of C$259,640.00.

Erdene Resource Development Stock Up 1.4 %

Shares of TSE ERD opened at C$0.74 on Friday. The firm has a 50-day simple moving average of C$0.59 and a 200-day simple moving average of C$0.57. The stock has a market capitalization of C$264.48 million, a price-to-earnings ratio of -293.87 and a beta of 1.63. Erdene Resource Development Co. has a 52 week low of C$0.31 and a 52 week high of C$0.79.

Erdene Resource Development Company Profile

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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.