Erdene Resource Development Co. (TSE:ERD) Insider 2176423 Ontario Ltd. Buys 400,000 Shares

Erdene Resource Development Co. (TSE:ERD) insider 2176423 Ontario Ltd. purchased 400,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average cost of C$0.65 per share, with a total value of C$259,640.00.

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

• On Wednesday, February 12th, 2176423 Ontario Ltd. bought 218,500 shares of Erdene Resource Development stock. The stock was bought at an average price of C$0.67 per share, with a total value of C$146,089.10.

Erdene Resource Development Trading Up 9.0 %

Shares of ERD opened at C$0.73 on Thursday. Erdene Resource Development Co. has a 12-month low of C$0.31 and a 12-month high of C$0.79. The firm has a market capitalization of C$254.50 million, a P/E ratio of -36.50 and a beta of 1.63. The firm has a 50-day moving average price of C$0.58 and a 200 day moving average price of C$0.57. The company has a current ratio of 8.64, a quick ratio of 4.27 and a debt-to-equity ratio of 0.01.

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.