Erdene Resource Development (TSE:ERD) Director Peter Akerley Sells 65,000 Shares

Key Points

• Peter Akerley, Director of Erdene Resource Development, sold 65,000 shares at an average price of C$10.44, resulting in a total value of C$678,600.
• Following the sale, Akerley's holdings decreased by 11.88%, with remaining shares valued at approximately C$5 million.
• On the day after the sale, Erdene Resource Development's stock traded down to C$10.15, from a recent 12-month high of C$10.95.

Erdene Resource Development Co. (TSE:ERD - Get Free Report) Director Peter Akerley sold 65,000 shares of the firm's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of C$10.44, for a total value of C$678,600.00. Following the completion of the transaction, the director owned 482,246 shares in the company, valued at C$5,034,648.24. The trade was a 11.88% decrease in their position.

Erdene Resource Development Stock Performance

Shares of TSE:ERD traded down C$0.57 during midday trading on Friday, hitting C$10.15. The company's stock had a trading volume of 187,789 shares, compared to its average volume of 71,977. The company has a market cap of C$619.80 million, a P/E ratio of -56.39 and a beta of 0.98. Erdene Resource Development Co. has a 12-month low of C$3.00 and a 12-month high of C$10.95. The business's 50 day simple moving average is C$3.96 and its 200 day simple moving average is C$1.95.

Erdene Resource Development Company Profile

Erdene Resource Development Corp is a Canadian-based resource exploration company. It is primarily engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company's project consists of Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar. The Bayan Khundii and Altan Nar project is located within the Tian-Shan copper-gold belt in southwest Mongolia from the Chinese border city of Ceke.

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