Erdene Resource Development Co. (TSE:ERD - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 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 traded.
Erdene Resource Development Trading Down 1.1 %
The business's 50 day simple moving average is C$0.79 and its two-hundred day simple moving average is C$0.68. The firm has a market capitalization of C$307.37 million, a PE ratio of -341.53 and a beta of 1.63.
Insider Activity at Erdene Resource Development
In other news, Director David Vaughn Mosher sold 200,000 shares of Erdene Resource Development stock in a transaction on Monday, April 14th. The shares were sold at an average price of C$0.82, for a total transaction of C$164,000.00. Also, insider 2176423 Ontario Ltd. acquired 400,000 shares of the business's stock in a transaction dated Monday, February 10th. The shares were acquired at an average cost of C$0.65 per share, with a total value of C$259,640.00. Over the last 90 days, insiders bought 2,685,500 shares of company stock worth $2,022,378. 22.51% of the stock is owned by 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.
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