Shares of Erdene Resource Development Co. (TSE:ERD - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.88 and traded as high as C$1.04. Erdene Resource Development shares last traded at C$1.00, with a volume of 136,404 shares changing hands.
Erdene Resource Development Stock Performance
The stock has a market capitalization of C$360.98 million, a P/E ratio of -401.10 and a beta of 1.63. The business has a 50-day moving average price of C$0.89 and a 200 day moving average price of C$0.73.
Insider Transactions at Erdene Resource Development
In related news, Director David Vaughn Mosher sold 50,000 shares of the business's 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. acquired 200,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average cost of C$0.89 per share, for a total transaction of C$177,940.00. Over the last three months, insiders have purchased 1,550,000 shares of company stock valued at $1,334,295. Insiders own 22.51% of the company's stock.
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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