Erdene Resource Development Co. (TSE:ERD) Insider Buys C$259,640.00 in Stock

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

Erdene Resource Development Stock Performance

Shares of ERD stock remained flat at C$0.68 during mid-day trading on Tuesday. The stock had a trading volume of 258,107 shares, compared to its average volume of 160,736. The company has a market cap of C$237.07 million, a P/E ratio of -34.00 and a beta of 1.63. The company has a current ratio of 8.64, a quick ratio of 4.27 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is C$0.58 and its two-hundred day simple moving average is C$0.56. Erdene Resource Development Co. has a 1 year low of C$0.29 and a 1 year high of C$0.79.

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.