Erdene Resource Development Co. (TSE:ERD) Insider Buys C$186,725.00 in Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. bought 250,000 shares of Erdene Resource Development stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of C$0.75 per share, with a total value of C$186,725.00.

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

• On Thursday, March 6th, 2176423 Ontario Ltd. bought 250,000 shares of Erdene Resource Development stock. The shares were bought at an average cost of C$0.69 per share, with a total value of C$172,500.00.
• On Tuesday, March 4th, 2176423 Ontario Ltd. bought 139,000 shares of Erdene Resource Development stock. The shares were bought at an average cost of C$0.68 per share, with a total value of C$94,033.50.
• On Thursday, February 27th, 2176423 Ontario Ltd. bought 100,000 shares of Erdene Resource Development stock. The shares were bought at an average cost of C$0.67 per share, with a total value of C$67,000.00.
• On Tuesday, February 25th, 2176423 Ontario Ltd. bought 100,000 shares of Erdene Resource Development stock. The shares were bought at an average cost 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 bought at an average cost of C$0.70 per share, with a total value of C$104,745.00.
• On Friday, February 14th, 2176423 Ontario Ltd. bought 178,000 shares of Erdene Resource Development stock. The shares were bought 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 stock was acquired at an average cost of C$0.67 per share, with a total value of C$146,089.10.
• On Monday, February 10th, 2176423 Ontario Ltd. acquired 400,000 shares of Erdene Resource Development stock. The stock was acquired at an average cost of C$0.65 per share, with a total value of C$259,640.00.

Erdene Resource Development Trading Up 6.5 %

ERD opened at C$0.82 on Monday. The company has a 50 day moving average of C$0.65 and a 200 day moving average of C$0.61. The company has a market cap of C$293.07 million, a PE ratio of -325.64 and a beta of 1.63. Erdene Resource Development Co. has a 12 month low of C$0.37 and a 12 month high of C$0.85.

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.