Erdene Resource Development Co. (
TSE:ERD -
Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.95 and traded as high as C$0.98. Erdene Resource Development shares last traded at C$0.98, with a volume of 127,220 shares changing hands.
Erdene Resource Development Price Performance
The firm has a 50 day simple moving average of C$0.95 and a two-hundred day simple moving average of C$0.83. The stock has a market cap of C$350.26 million, a price-to-earnings ratio of -389.18 and a beta of 1.63.
Insider Activity
In other Erdene Resource Development news, insider 2176423 Ontario Ltd. purchased 100,000 shares of the stock in a transaction on Thursday, June 26th. The stock was bought at an average cost of C$0.91 per share, for a total transaction of C$91,390.00. Insiders bought 600,000 shares of company stock valued at $541,820 in the last ninety days. 22.51% of the stock is owned by corporate insiders.
About Erdene Resource Development
(
Get Free Report)
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.
See Also
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