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Insider Buying: Erdene Resource Development Co. (TSE:ERD) Insider Purchases 100,000 Shares of Stock

Erdene Resource Development logo with Basic Materials background

Erdene Resource Development Co. (TSE:ERD - Get Free Report) insider 2176423 Ontario Ltd. purchased 100,000 shares of the stock in a transaction dated Tuesday, June 17th. The shares were bought at an average cost of C$0.95 per share, for a total transaction of C$94,810.00.

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

  • On Monday, May 12th, 2176423 Ontario Ltd. acquired 200,000 shares of Erdene Resource Development stock. The stock was acquired at an average cost of C$0.89 per share, for a total transaction of C$177,940.00.
  • On Friday, May 9th, 2176423 Ontario Ltd. acquired 200,000 shares of Erdene Resource Development stock. The stock was acquired at an average cost of C$0.89 per share, for a total transaction of C$177,680.00.
  • On Wednesday, April 23rd, 2176423 Ontario Ltd. acquired 200,000 shares of Erdene Resource Development stock. The stock was acquired at an average cost of C$0.89 per share, for a total transaction of C$177,920.00.
  • On Monday, April 21st, 2176423 Ontario Ltd. acquired 400,000 shares of Erdene Resource Development stock. The stock was acquired at an average cost of C$0.93 per share, for a total transaction of C$373,080.00.
  • On Friday, April 11th, 2176423 Ontario Ltd. acquired 100,000 shares of Erdene Resource Development stock. The stock was acquired at an average cost of C$0.83 per share, for a total transaction of C$83,050.00.
  • On Wednesday, April 2nd, 2176423 Ontario Ltd. acquired 200,000 shares of Erdene Resource Development stock. The stock was acquired at an average cost of C$0.79 per share, for a total transaction of C$157,900.00.

Erdene Resource Development Stock Performance

TSE ERD traded down C$0.01 during trading hours on Friday, reaching C$0.89. The company's stock had a trading volume of 98,447 shares, compared to its average volume of 272,187. The stock has a market cap of C$318.09 million, a PE ratio of -353.44 and a beta of 1.63. Erdene Resource Development Co. has a fifty-two week low of C$0.40 and a fifty-two week high of C$1.11. The company's 50-day moving average is C$0.93 and its two-hundred day moving average is C$0.75.

About Erdene Resource Development

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Erdene Resource Development (TSE:ERD)

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