Erdene Resource Development Co. (TSE:ERD - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.85 and traded as high as C$1.11. Erdene Resource Development shares last traded at C$1.11, with a volume of 1,317,731 shares changing hands.
Erdene Resource Development Trading Up 2.0%
The business's fifty day moving average price is C$0.87 and its 200 day moving average price is C$0.72. The firm has a market capitalization of C$364.56 million, a price-to-earnings ratio of -405.07 and a beta of 1.63.
Insider Activity at Erdene Resource Development
In other Erdene Resource Development news, insider 2176423 Ontario Ltd. acquired 250,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of C$0.69 per share, for a total transaction of C$172,500.00. Also, Director David Vaughn Mosher sold 200,000 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of C$0.82, for a total transaction of C$164,000.00. Insiders have bought a total of 1,939,000 shares of company stock worth $1,600,829 in the last three months. Insiders own 22.51% of the company's stock.
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.
Recommended Stories
Before you consider Erdene Resource Development, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Erdene Resource Development wasn't on the list.
While Erdene Resource Development currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
