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$0.77 and traded as high as C$0.90. Erdene Resource Development shares last traded at C$0.90, with a volume of 292,099 shares traded.
Erdene Resource Development Stock Performance
The business has a fifty day simple moving average of C$0.78 and a 200 day simple moving average of C$0.67. The stock has a market cap of C$310.94 million, a price-to-earnings ratio of -345.50 and a beta of 1.63.
Insider Buying and Selling at Erdene Resource Development
In other Erdene Resource Development news, Director David Vaughn Mosher sold 200,000 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of C$0.82, for a total transaction of C$164,000.00. Also, insider 2176423 Ontario Ltd. purchased 400,000 shares of Erdene Resource Development stock in a transaction on Monday, February 10th. The shares were acquired at an average cost of C$0.65 per share, for a total transaction of C$259,640.00. In the last 90 days, insiders have purchased 2,685,500 shares of company stock worth $2,022,378. 22.51% of the stock is owned by 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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