Erdene Resource Development (TSE:ERD) Stock Crosses Above Fifty Day Moving Average - Should You Sell?

Erdene Resource Development Co. (TSE:ERD - Get Free Report)'s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.94 and traded as high as C$0.98. Erdene Resource Development shares last traded at C$0.96, with a volume of 132,492 shares trading hands.

Erdene Resource Development Stock Up 5.2%

The stock has a market capitalization of C$364.56 million, a price-to-earnings ratio of -405.07 and a beta of 1.63. The company's fifty day simple moving average is C$0.94 and its 200 day simple moving average is C$0.78.

Insider Buying and Selling at Erdene Resource Development

In other news, Director David Vaughn Mosher sold 200,000 shares of the business's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of C$0.82, for a total value of C$164,000.00. Also, insider 2176423 Ontario Ltd. acquired 400,000 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average cost of C$0.93 per share, with a total value of C$373,080.00. Over the last quarter, insiders acquired 1,300,000 shares of company stock worth $1,175,870. Corporate insiders own 22.51% of the company's stock.

Erdene Resource Development Company Profile

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.