2176423 Ontario Ltd. Buys 234,000 Shares of Erdene Resource Development Co. (TSE:ERD) Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. purchased 234,000 shares of Erdene Resource Development stock in a transaction on Wednesday, October 2nd. The stock was bought at an average cost of C$0.67 per share, for a total transaction 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 bought at an average cost of C$0.60 per share, for a total transaction of C$274,962.45.

Erdene Resource Development Price Performance

ERD stock opened at C$0.70 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.64 and a quick ratio of 4.27. 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 business’s 50-day moving average is C$0.48 and its two-hundred day moving average is C$0.44. Erdene Resource Development Co. has a 1 year low of C$0.26 and a 1 year high of C$0.74.

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.