Erdene Resource Development Co. (TSE:ERD - Get Free Report)'s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.95 and traded as low as C$0.90. Erdene Resource Development shares last traded at C$0.92, with a volume of 338,366 shares.
Erdene Resource Development Price Performance
The business has a 50 day moving average price of C$0.95 and a 200 day moving average price of C$0.81. The firm has a market capitalization of C$339.54 million, a P/E ratio of -377.27 and a beta of 1.63.
Insider Transactions at Erdene Resource Development
In other news, insider 2176423 Ontario Ltd. purchased 200,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average cost of C$0.89 per share, for a total transaction of C$177,940.00. Insiders bought 600,000 shares of company stock worth $541,820 in the last 90 days. Insiders own 22.51% of the company's stock.
About Erdene Resource Development
(
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Erdene Resource Development Corp is a Canadian-based resource exploration company. It is primarily engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company's project consists of Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar. The Bayan Khundii and Altan Nar project is located within the Tian-Shan copper-gold belt in southwest Mongolia from the Chinese border city of Ceke.
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