Erdene Resource Development Co. (TSE:ERD) Insider 2176423 Ontario Ltd. Buys 250,000 Shares of Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. acquired 250,000 shares of Erdene Resource Development stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of C$0.69 per share, for a total transaction of C$172,500.00.

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

• On Tuesday, March 4th, 2176423 Ontario Ltd. bought 139,000 shares of Erdene Resource Development stock. The stock was purchased at an average price of C$0.68 per share, with a total value of C$94,033.50.
• On Thursday, February 27th, 2176423 Ontario Ltd. purchased 100,000 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$67,000.00.
• On Tuesday, February 25th, 2176423 Ontario Ltd. acquired 100,000 shares of Erdene Resource Development stock. The stock was acquired at an average price of C$0.66 per share, with a total value of C$66,480.00.
• On Wednesday, February 19th, 2176423 Ontario Ltd. bought 150,000 shares of Erdene Resource Development stock. The shares were acquired at an average cost of C$0.70 per share, for a total transaction of C$104,745.00.
• On Friday, February 14th, 2176423 Ontario Ltd. purchased 178,000 shares of Erdene Resource Development stock. The stock was acquired at an average cost of C$0.75 per share, with a total value of C$133,215.20.
• On Wednesday, February 12th, 2176423 Ontario Ltd. acquired 218,500 shares of Erdene Resource Development stock. The shares were bought at an average cost of C$0.67 per share, for a total transaction of C$146,089.10.
• On Monday, February 10th, 2176423 Ontario Ltd. bought 400,000 shares of Erdene Resource Development stock. The stock was bought at an average cost of C$0.65 per share, with a total value of C$259,640.00.

Erdene Resource Development Price Performance

ERD opened at C$0.73 on Tuesday. The stock’s 50 day simple moving average is C$0.64 and its 200 day simple moving average is C$0.60. The firm has a market cap of C$260.91 million, a price-to-earnings ratio of -289.90 and a beta of 1.63. Erdene Resource Development Co. has a 1 year low of C$0.37 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.