Erdene Resource Development Co. (TSE:ERD - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.83 and traded as high as C$0.94. Erdene Resource Development shares last traded at C$0.93, with a volume of 350,934 shares changing hands.
Erdene Resource Development Stock Performance
The company has a market capitalization of C$332.39 million, a price-to-earnings ratio of -369.33 and a beta of 1.63. The business's 50 day moving average is C$0.83 and its 200 day moving average is C$0.69.
Insiders Place Their Bets
In related news, Director David Vaughn Mosher sold 50,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$0.79, for a total value of C$39,500.00. Also, insider 2176423 Ontario Ltd. purchased 200,000 shares of Erdene Resource Development stock in a transaction on Monday, May 12th. The shares were acquired at an average cost of C$0.89 per share, with a total value of C$177,940.00. Over the last quarter, insiders purchased 2,289,000 shares of company stock valued at $1,839,054. Insiders own 22.51% of the company's stock.
About Erdene Resource Development
(
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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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