Erdene Resource Development Co. (TSE:ERD - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.79 and traded as high as C$0.88. Erdene Resource Development shares last traded at C$0.87, with a volume of 49,859 shares.
Erdene Resource Development Price Performance
The company has a market capitalization of C$314.52 million, a P/E ratio of -349.47 and a beta of 1.63. The business has a fifty day moving average price of C$0.80 and a 200 day moving average price of C$0.68.
Insider Transactions at Erdene Resource Development
In other news, insider 2176423 Ontario Ltd. bought 400,000 shares of the stock in a transaction dated Monday, February 10th. The shares were bought at an average price of C$0.65 per share, for a total transaction of C$259,640.00. Also, Director David Vaughn Mosher sold 50,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$0.79, for a total value of C$39,500.00. In the last three months, insiders acquired 2,685,500 shares of company stock worth $2,022,378. 22.51% of the stock is owned by company insiders.
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.
Further Reading
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