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

Written by MarketBeat
October 18, 2025
Erdene Resource Development logo with Basic Materials background

Key Points

  • Erdene Resource Development Co. (TSE:ERD) stock price has surpassed its 50-day moving average of C$5.95, reaching a high of C$10.00 during trading.
  • Insider trading activity was noted with Director Peter Akerley selling 65,000 shares at an average price of C$10.44, which decreased his position by 11.88%.
  • The company, based in Canada, focuses on the exploration and development of precious metals in Mongolia, with key projects located within the Tian-Shan copper-gold belt.
  • Interested in Erdene Resource Development? Here are five stocks we like better.

Erdene Resource Development Co. (TSE:ERD - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$5.95 and traded as high as C$10.00. Erdene Resource Development shares last traded at C$9.56, with a volume of 281,669 shares trading hands.

Erdene Resource Development Trading Down 4.1%

The stock has a market capitalization of C$583.77 million, a PE ratio of -53.11 and a beta of 1.23. The firm has a 50 day moving average of C$5.95 and a two-hundred day moving average of C$2.65.

Insiders Place Their Bets

In related news, Director Peter Akerley sold 65,000 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of C$10.44, for a total value of C$678,600.00. Following the completion of the transaction, the director directly owned 482,246 shares of the company's stock, valued at C$5,034,648.24. This trade represents a 11.88% decrease in their position. 22.51% of the stock is owned by 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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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