Erdene Resource Development Co. (TSE:ERD - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.77 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.
Erdene Resource Development Trading Up 1.0%
The firm has a market cap of C$346.68 million, a price-to-earnings ratio of -385.21 and a beta of 1.63. The stock has a 50-day moving average of C$0.94 and a 200-day moving average of C$0.77.
Insider Activity
In other news, insider 2176423 Ontario Ltd. purchased 400,000 shares of the company's stock in a transaction on Monday, April 21st. The shares were bought at an average price of C$0.93 per share, for a total transaction of C$373,080.00. Also, Director David Vaughn Mosher sold 200,000 shares of Erdene Resource Development stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of C$0.82, for a total value of C$164,000.00. Insiders have bought 1,300,000 shares of company stock valued at $1,175,870 in the last 90 days. Insiders own 22.51% of the company's stock.
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.
Further Reading
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