Erdene Resource Development Co. (TSE:ERD - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 5.2%
The firm's 50 day moving average is C$0.94 and its two-hundred day moving average is C$0.78. The firm has a market cap of C$364.56 million, a P/E ratio of -405.07 and a beta of 1.63.
Insider Activity at Erdene Resource Development
In related news, insider 2176423 Ontario Ltd. purchased 400,000 shares of the business's stock in a transaction on Monday, April 21st. The shares were purchased at an average price of C$0.93 per share, with a total value 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 transaction of C$164,000.00. Insiders have purchased a total of 1,300,000 shares of company stock worth $1,175,870 in the last three months. 22.51% of the stock is owned by insiders.
About Erdene Resource Development
(
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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.
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