Insider Buying: Erdene Resource Development Co. (TSE:ERD) Insider Buys 200,000 Shares of Stock

Posted by Joseph Casey on May 16th, 2025

Erdene Resource Development Co. (TSE:ERD – Get Free Report) insider 2176423 Ontario Ltd. purchased 200,000 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of C$0.89 per share, for a total transaction of C$177,940.00.

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

On Friday, May 9th, 2176423 Ontario Ltd. bought 200,000 shares of Erdene Resource Development stock. The stock was acquired at an average cost of C$0.89 per share, for a total transaction of C$177,680.00.
On Wednesday, April 23rd, 2176423 Ontario Ltd. purchased 200,000 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.89 per share, with a total value of C$177,920.00.
On Monday, April 21st, 2176423 Ontario Ltd. acquired 400,000 shares of Erdene Resource Development stock. The stock was acquired at an average cost of C$0.93 per share, for a total transaction of C$373,080.00.
On Friday, April 11th, 2176423 Ontario Ltd. bought 100,000 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.83 per share, with a total value of C$83,050.00.
On Wednesday, April 2nd, 2176423 Ontario Ltd. purchased 200,000 shares of Erdene Resource Development stock. The stock was bought at an average cost of C$0.79 per share, for a total transaction of C$157,900.00.
On Thursday, March 13th, 2176423 Ontario Ltd. acquired 250,000 shares of Erdene Resource Development stock. The shares were bought at an average cost of C$0.75 per share, with a total value of C$186,725.00.
On Thursday, March 6th, 2176423 Ontario Ltd. bought 250,000 shares of Erdene Resource Development stock. The stock was bought at an average cost of C$0.69 per share, for a total transaction of C$172,500.00.
On Tuesday, March 4th, 2176423 Ontario Ltd. bought 139,000 shares of Erdene Resource Development stock. The shares were bought at an average price of C$0.68 per share, with a total value of C$94,033.50.
On Thursday, February 27th, 2176423 Ontario Ltd. purchased 100,000 shares of Erdene Resource Development stock. The stock was purchased at an average price of C$0.67 per share, for a total transaction of C$67,000.00.
On Tuesday, February 25th, 2176423 Ontario Ltd. acquired 100,000 shares of Erdene Resource Development stock. The shares were purchased at an average price of C$0.66 per share, with a total value of C$66,480.00.

Erdene Resource Development Stock Performance

Shares of TSE:ERD opened at C$0.90 on Friday. The company has a 50 day moving average price of C$0.83 and a two-hundred day moving average price of C$0.69. The company has a market capitalization of C$321.67 million, a PE ratio of -357.41 and a beta of 1.63. Erdene Resource Development Co. has a 52 week low of C$0.40 and a 52 week high of C$0.97.

Erdene Resource Development Company Profile

(Get Free Report)

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.