Erdene Resource Development Co. (TSE:ERD – Get Free Report) insider 2176423 Ontario Ltd. acquired 234,000 shares of the stock in a transaction on Wednesday, October 2nd. The shares were purchased at an average cost of C$0.67 per share, with a total value of C$157,271.40.
2176423 Ontario Ltd. also recently made the following trade(s):
- On Wednesday, September 25th, 2176423 Ontario Ltd. purchased 458,500 shares of Erdene Resource Development stock. The stock was acquired at an average price of C$0.60 per share, with a total value of C$274,962.45.
Erdene Resource Development Trading Down 1.4 %
TSE:ERD opened at C$0.70 on Friday. Erdene Resource Development Co. has a one year low of C$0.26 and a one year high of C$0.74. The company’s 50-day simple moving average is C$0.48 and its 200 day simple moving average is C$0.44. The firm has a market capitalization of C$244.04 million, a P/E ratio of -35.00 and a beta of 1.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.64 and a quick ratio of 4.27.
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.
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