Erdene Resource Development Co. (TSE:ERD) Insider Buys C$104,745.00 in Stock

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. acquired 150,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were purchased at an average price of C$0.70 per share, for a total transaction of C$104,745.00.

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

• On Friday, February 14th, 2176423 Ontario Ltd. acquired 178,000 shares of Erdene Resource Development stock. The shares were purchased at an average price of C$0.75 per share, for a total transaction of C$133,215.20.
• On Wednesday, February 12th, 2176423 Ontario Ltd. acquired 218,500 shares of Erdene Resource Development stock. The shares were purchased at an average price of C$0.67 per share, for a total transaction of C$146,089.10.
• On Monday, February 10th, 2176423 Ontario Ltd. purchased 400,000 shares of Erdene Resource Development stock. The shares were bought at an average price of C$0.65 per share, for a total transaction of C$259,640.00.

Erdene Resource Development Stock Down 1.4 %

Shares of Erdene Resource Development stock traded down C$0.01 on Thursday, hitting C$0.70. 27,169 shares of the company traded hands, compared to its average volume of 224,337. Erdene Resource Development Co. has a 12-month low of C$0.34 and a 12-month high of C$0.79. The company has a 50-day moving average price of C$0.60 and a 200 day moving average price of C$0.58. The company has a market cap of C$250.19 million, a PE ratio of -277.99 and a beta of 1.63.

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.