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

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. purchased 178,000 shares of Erdene Resource Development stock in a transaction that occurred on Friday, February 14th. The shares were bought 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 12th, 2176423 Ontario Ltd. acquired 218,500 shares of Erdene Resource Development stock. The shares were acquired at an average price of C$0.67 per share, for a total transaction of C$146,089.10.
• On Monday, February 10th, 2176423 Ontario Ltd. acquired 400,000 shares of Erdene Resource Development stock. The shares were acquired at an average price of C$0.65 per share, for a total transaction of C$259,640.00.

Erdene Resource Development Trading Down 5.5 %

ERD stock traded down C$0.04 during midday trading on Tuesday, hitting C$0.69. 225,370 shares of the company’s stock were exchanged, compared to its average volume of 198,724. Erdene Resource Development Co. has a 12-month low of C$0.34 and a 12-month high of C$0.79. The firm has a 50 day moving average price of C$0.59 and a 200-day moving average price of C$0.57. The stock has a market capitalization of C$246.61 million, a price-to-earnings ratio of -274.02 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.