2176423 Ontario Ltd. Buys 218,500 Shares of Erdene Resource Development Co. (TSE:ERD) Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 218,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was purchased at an average cost of C$0.67 per share, with a total value of C$146,089.10.

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

• On Monday, February 10th, 2176423 Ontario Ltd. bought 400,000 shares of Erdene Resource Development stock. The stock was purchased at an average cost of C$0.65 per share, with a total value of C$259,640.00.

Erdene Resource Development Stock Performance

TSE:ERD traded up C$0.06 during trading hours on Wednesday, reaching C$0.73. The stock had a trading volume of 613,180 shares, compared to its average volume of 181,591. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.27 and a current ratio of 8.64. The stock has a 50 day simple moving average of C$0.58 and a 200 day simple moving average of C$0.57. Erdene Resource Development Co. has a 12-month low of C$0.31 and a 12-month high of C$0.79. The stock has a market cap of C$254.50 million, a P/E ratio of -36.50 and a beta of 1.63.

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.