Erdene Resource Development Co. (TSE:ERD - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.91 and traded as high as C$1.00. Erdene Resource Development shares last traded at C$1.00, with a volume of 162,442 shares trading hands.
Erdene Resource Development Stock Performance
The stock has a 50 day moving average of C$0.91 and a 200 day moving average of C$0.74. The stock has a market capitalization of C$346.68 million, a P/E ratio of -385.21 and a beta of 1.63.
Insider Activity
In related news, Director David Vaughn Mosher sold 50,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$0.79, for a total transaction of C$39,500.00. Also, insider 2176423 Ontario Ltd. bought 100,000 shares of Erdene Resource Development stock in a transaction dated Friday, April 11th. The stock was purchased at an average price of C$0.83 per share, for a total transaction of C$83,050.00. Insiders bought a total of 1,300,000 shares of company stock worth $1,147,570 over the last 90 days. 22.51% of the stock is currently owned by company insiders.
Erdene Resource Development Company Profile
(
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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.
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